Frederick & Company is experienced when it comes to foreclosures in Pittsburgh
Properties in foreclosure and homes that have returned to the lender's control bring forth particular appraisal challenges.
When dealing with a home in foreclosure, it's important to recognize the difference between fair market worth and "quick disposition" worth to analyze your potential charge-off liability. The professionals at Frederick & Company can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your urgency.
The professionals at Frederick & Company have the expertise to deal with the specific dynamics of a foreclosure appraisal. Contact Frederick & Company for a company you can rely on.
Owners of properties in foreclosure, of course, can present special challenges. They could be uncooperative to allowing an inspection of the home. If they have abandoned the house already, they might have neglected care of the property for awhile - or unfortunately, ransacked the home.
For a property that has returned to Real Estate Owned, you typically will want it off your hands as quickly as possible . But you might want to know and review three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any work done to it, with the work required to make the house marketable at full market value consistent with competing real estate in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your timeline and the unique circumstances of a Real Estate Owned house, as well as the specific information you will need -- competing listings, market trends, and so forth. You can bank on Frederick & Company to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.