REO and Foreclosure Appraisal in Lehigh CountyProperties in foreclosure and houses that have reverted to the financial institution's holding create specific appraisal challenges. You need to differentiate the difference between fair market price and "quick disposition" price to know your probable charge-off liability when dealing with a house in foreclosure. RK Hughes Appraisal LLC has the knowledge in both furnishing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into consideration your time line. You need a company with the experience to work with the special dynamics of a foreclosure appraisal. Contact RK Hughes Appraisal LLC for a company you can count on. Owners of properties in foreclosure, of course, can present specific challenges. They might be uncooperative to allowing an inspection of the house. Often the homes have been intentionally damaged, often by the residents themselves. Or, it's likely you'll find nobody has lived in house for months or the home languishing in disrepair for long of time. You will be interested in an expeditious disposition if the home has reverted to REO. So you may want to know about and compare three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any work done to it, with the repairs called for to make the house marketable at full market value comparable with the other properties in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your timeline and the specific circumstances of an REO house, as well as the specific data you'll need -- competing listings, neighborhood trends, and so forth. You can rely on RK Hughes Appraisal LLC to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today. |