REO Appraisals in Northeastern PennsylvaniaProperties 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.
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: