R.M. Rose is experienced when you need appraisals for bank owned properties in Huntingdon Valley
There are various appraisal challenges when it comes to a property in foreclosure or one that has reverted to the lender's holding.
For a property in foreclosure, you may need to know the difference between the fair market value and "quick disposition" to know your potential charge-off liability. R.M. Rose has the background in both presenting snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into account your timeline.
You need a company who has the experience to work with the particular dynamics of a foreclosure appraisal. Contact R.M. Rose for a company you can count on.
Occupants of homes in foreclosure could be unwilling to allow an inspection of the property, thus presenting specific challenges. They may have left the home already and/or neglected care of the home for a long time - or worse, caused damage to the house.
For a house that has already changed to REO, you likewise will be going for an expeditious disposition . However, you might want to understand and compare three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any repairs done to it, with the repairs called for to make the home marketable at full market value consistent with competing homes in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your timeline and the special circumstances of a bank owned home, in addition to the unique data you will need -- competing listings, neighborhood trends, and the like. You can bank on R.M. Rose to take on the appraisal of your REO with expertise and professionalism. Contact us today.