Renaissance Appraisal is a company you can trust when it comes to bank owned properties in StroudsburgHouses that have reverted to the institution's control and houses in foreclosure create specific appraisal problems. When there is a property in foreclosure, it's important to recognize the difference between fair market value and "quick disposition" value to evaluate your likely charge-off liability. At Renaissance Appraisal , we have the experience in both furnishing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your urgency. Renaissance Appraisal has the experience to handle the unique dynamics of a foreclosure appraisal. For a company you can trust, contact Renaissance Appraisal . Owners of homes in foreclosure, of course, can present unique challenges. They could be uncooperative to allowing an inspection of the house. If they have abandoned the house already, they might have overlooked the care of the home for awhile - or unfortunately, caused damage to the home. You'll be interested in a fast disposition if the house has gone back to REO. So you need to know about and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any repairs performed, with the work due to make the property marketable at full market value corresponding with competing properties in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your timeline and the unique situation of a bank owned house, in addition to the unique data you'll need -- competing listings, market trends, and so forth. You can count on Renaissance Appraisal to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today. |