Foreclosure and Real Estate Owned Appraisals in Westchester, Putnam & Dutchess CountyHomes in foreclosure and properties that have gone back to the financial institution's control create particular appraisal difficulties. You should ascertain the difference between fair market worth and "quick disposition" value to know what losses you could sustain when dealing with a house in foreclosure. At Castle Appraisals, we have the background in both supplying 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 expertise to deal with the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact Castle Appraisals. Owners of houses in foreclosure, of course, can present special challenges. They might be disinclined to allow an inspection of the house. If they moved out of the home already, they could have overlooked the care of the house for a long time - or worse, damaged the property. For a home that has returned to bank owned, you probably will be interested in an expeditious disposition . But you may want to know about and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any work done to it, with the work due to make the house marketable at full market value consistent with competing houses in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably to someone who'd rather finish the job themselves. Again, we understand your urgency and the unique situation of an REO property, as well as the special information you'll need -- competing listings, market trends, and so forth. You can count on Castle Appraisals to handle the task of your REO professionally and efficiently. Contact us today. |