Real Estate Owned and Foreclosure Appraisal in Bucks CountyHouses that have gone back to the institution's possession and homes in foreclosure create unique appraisal problems. For a home in foreclosure, you might need to understand the gap between the fair market and "quick disposition" price to know your likely charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your timeline. You need a company who has the training to work with the specific dynamics of a foreclosure appraisal. Contact Palma-Lazar Appraisal for a company you can rely on. Owners of homes in foreclosure could be unwilling to allow an inspection of the property, thus presenting unique challenges. They might have moved out of the home already and/or neglected care of the house for quite some time - or gone as far as vandalized the house. For real estate that has already gone back to REO, you likewise will be seeking a speedy disposition . But you may want to understand and compare three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any work performed, with the repairs called for to make the home marketable at full market value comparable with the other real estate in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your urgency and the unique circumstances of a bank owned home, as well as the special information you will need -- competing listings, neighborhood trends, and the like. You can rely on Palma-Lazar Appraisal to handle the appraisal of your bank owned property professionally and efficiently. Contact us today. |