Nordquist Appraisal LLC is experienced when you need appraisals for bank owned properties in PittsburghThere are particular appraisal problems for a property in foreclosure or one that has reverted to the lender's holding. For a house in foreclosure, you may need to recognize the difference between the fair market price and "quick disposition" price to know your possible charge-off liability. At Nordquist Appraisal LLC, we have the background in both supplying snapshots of fair market value for our mortgage lending and servicing clients, in addition to "quick sale" forecasts that understand your timeline. You need a company who has the expertise to deal with the particular dynamics of a foreclosure appraisal. Contact Nordquist Appraisal LLC for a company you can count on. Owners of houses in foreclosure, of course, can present special challenges. They may be disinclined to allow an inspection of the house. Often the subjects show signs of vandalism, often at the hands of the former residents. Or, it's likely you'll discover a house at least abandoned or the home languishing in disrepair for extended periods of time. If your property has reverted to REO, you will interested in a quick disposition. However, you may want to understand and compare three values: as-is, as repaired, and "quick sale." These represent the value of the home without any repairs done to it, with the repairs needed to make the house marketable at full market value commensurate with competing real estate in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably to someone who'd rather finish the job themselves. Again, we understand your time line and the specific situation of an REO house, as well as the special data you will need -- competing listings, market trends, and the like. You can count on Nordquist Appraisal LLC to take on the task of your REO professionally and efficiently. Contact us today. |