Call Pocono Mountain Appraisal, Inc. to order appraisals for Pike foreclosures

REO Appraisals in Northeastern Pennsylvania 

Properties that have returned to the bank's holding and houses in foreclosure present particular appraisal problems.

When there is a home in foreclosure, it's important to understand market value versus a "quick disposition" value to analyze your possible charge-off liability. Pocono Mountain Appraisal, Inc. has the training in both supplying snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that take into account your pressing needs.

Pocono Mountain Appraisal, Inc. has the experience to deal with the special dynamics of a foreclosure appraisal. Contact Pocono Mountain Appraisal, Inc. for a company you can count on.

Occupants of properties in foreclosure might be unwilling to allow an inspection of the house, thus presenting specific challenges. They might have moved out of the property already and/or overlooked the care of the home for awhile - or in some cases intentionally harmed the house.

 

For real estate that has changed to REO, you likewise will be interested in a fast resolution. Regardless, you'll still want to consider three ways of determining the value of the subject property:

  • As Repaired. Value with the repairs necessary to make the property marketable at full market value - comparable with other homes in the area
  • As-is. The value of the home without any work done to it
  • Quick sale. Somewhere in between, with minimal investment in repairs - to sell the property quickly, probably as a "fixer-upper"
Again, we understand your timeline and the unique situation of a bank owned home, in addition to the specific information you will need - competing listings, neighborhood trends, and so forth. You can rely on Pocono Mountain Appraisal, Inc. to take on the task of your REO professionally and efficiently. Contact us today.