Call Frontline Appraisals, LLC when you need appraisals on Cook foreclosures

REO and Foreclosure Appraisals

There are unique appraisal challenges regarding a house in foreclosure or one that has reverted to the institution's holding.

 

When dealing with a house in foreclosure, you should ascertain market value versus a "quick disposition" assessment to evaluate your potential charge-off liability. At Frontline Appraisals, LLC, we have the background in both furnishing snapshots of market value for our mortgage lending and servicing clients, in addition to "quick sale" forecasts that understand your pressing needs.

The professionals at Frontline Appraisals, LLC have the qualifications to deal with the particular dynamics of a foreclosure appraisal. Contact Frontline Appraisals, LLC for a company you can trust.

Unique challenges may be present when dealing with owners of properties in foreclosure. They may be unwilling to allow an inspection of the property. If they left the home already, they may have ignored the care of the home for quite some time - or even worse, caused damage to the home.

 

For real estate that has already gone back to bank owned, you likewise will be seeking a fast resolution. Regardless, you'll still want to consider three angles for figuring the value of the subject property:

  • As Repaired. Possible market value with the work called for to make the property marketable at full market value - in accordance with other homes in the neighborhood
  • As-is. The value of the house without any work performed
  • Quick sale. With minimal investment in repairs - to sell the property quickly, seemingly to someone who'd prefer to finish the job themselves
Again, we understand your urgency and the specific situation of an REO home, as well as the special information you'll need - competing listings, neighborhood trends, and the like. You can count on Frontline Appraisals, LLC to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.