Expose Value Appraisals is experienced when it comes to foreclosures in Flushing, New York
Homes in foreclosure and properties that have returned to the institution's ownership present unique appraisal challenges.
It's vital to understand the meanings of "market value" and a "quick disposition" assessment to evaluate your likely charge-off liability when dealing with a property in foreclosure.
The professionals at Expose Value Appraisals can provide both snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that take into consideration your time constraints.
Particular challenges may be present when dealing with owners of houses in foreclosure. They might be opposed to allowing an inspection of the property.
Often the houses show signs of vandalism, often by the residents. Or, it's common to find the residents have moved out or the home languishing in disrepair for long periods of time.
For a house that has already returned to bank owned, you most likely will want it off your hands as quickly as possible. Regardless, you'll still want to consider three angles for figuring the value of the asset (or in some cases, liability):
Again, we understand your urgency and the unique circumstances of a Real Estate Owned home, as well as the specific information you'll need - competing listings, market trends, and so forth. You can bank on Expose Value Appraisals to take on the appraisal of your REO with expertise and professionalism. Contact us today.
- As Repaired. Value with the repairs necessary to make the house marketable at full market value - commensurate with similar properties in the area
- As-is. The value of the home without any work done to it
- Quick sale. With minimal investment in repairs - to get rid of the home quickly, seemingly to someone inclined to finish the job themselves