Call Brickhouse Appraisals, LLC, to order appraisals for Westchester foreclosures

Foreclosure and Real Estate Owned Appraisal in Westchester County

There are special appraisal difficulties involved in a property in foreclosure or one that has returned to the financial institution's holding.

When dealing with a home in foreclosure, it's important to recognize market value versus a "quick disposition" price to evaluate your potential charge-off liability. At Brickhouse Appraisals, LLC,, we have the background in both furnishing snapshots of market value for our mortgage lending and servicing clients, in addition to "quick sale" forecasts that understand your pressing needs.

You need a company who has the experience to deal with the particular dynamics of a foreclosure appraisal. Contact Brickhouse Appraisals, LLC, for a company you can trust.

Owners of property in foreclosureunfortunately can present unique challenges. They could be unwilling to allow an inspection of the home. If they moved out of the house already, they could have ignored the care of the home for quite some time - or even worse, damaged the home.

If you're dealing with home that has already gone back to bank owned, you will interested in a speedy disposition. However, you may want to understand and review three values: as-is, as repaired, and "quick sale". These correspond to:

  • The value of the home without any work performed
  • Possible value with the repairs needed to make the property marketable at full market value - comparable with other homes in the area
  • With minimal investment in repairs - to sell the home quickly, probably to someone who'd rather finish the job themselves
Again, we understand your timeline and the unique situation of a bank owned home, in addition to the specific information you will need - competing listings, neighborhood trends, and so forth. You can rely on Brickhouse Appraisals, LLC, to handle the appraisal of your REO professionally and efficiently. Contact us today.