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rightForeclosure/REO appraisal

Homes in foreclosure and homes that have reverted to your lenders ownership present special appraisal challenges. At Joe Michalowitz Appraisals, we're more than ready and able to help.


For a lender a property in foreclosure, you may need to know the difference between fair market value and "quick disposition" value, to know your potential charge-off liability. At Joe Michalowitz Appraisals, we have experience in both providing snapshots of fair market value for our mortgage lending and servicing clients as well as "quick sale" or "short sale"forecasts that understand your timeline. 

 

Owners of property in foreclosure, present special challenges. They may be unwilling to allow an inspection of the property. If they have abandoned the property already, they may have neglected care of the home for some time, or caused damage. We have the experience and training to deal with the special dynamics of a foreclosure appraisal, and you should not hesitate to rely on us. I will give you an as-is value, an as repaired value or a short or quick sale value. I will provide marketing times with a trendline analysis for that specific subject property.

 

I understand your timeline and the unique circumstances of an REO property, as well as the special information you'll need -- competing listings, market trends, and the like.

 

Please browse our website to learn more about our qualifications, expertise and services offered.