REO Appraisals in Philadelphia CountyThere are special appraisal difficulties when it comes to a property in foreclosure or one that has gone back to the institution's control.When dealing with a property in foreclosure, it's important to ascertain market value versus a "quick disposition" assessment to know your possible charge-off liability. Dante Negroni Appraisals has the training in both supplying snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that take into consideration your pressing needs.
Owners of homes in foreclosure can present particular challenges. They might be combative when it comes to allowing the appraiser access to the home. Often the subjects have been ransacked, often at the hands of the former residents. Or, it's common to find the residents have moved out or the home languishing in disrepair for long periods of time. For real estate that has returned to Real Estate Owned, you most likely will want to get rid of it quickly. In any case, you'll still want to consider three angles for figuring the value of the subject property:
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