Call Premier Appraisal Group, Inc. when you need valuations regarding Chesapeake City foreclosures

Foreclosure Appraisals in Chesapeake City County

Properties that have gone back to the institution's control and properties in foreclosure bring forth specific appraisal problems.

For a home in foreclosure, you definitely need to recognize the gap between the market value and a "quick disposition" to know your potential charge-off liability. At Premier Appraisal Group, Inc., we have the knowledge in both presenting snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time line.

Premier Appraisal Group, Inc. has the experience to handle the specific dynamics of a foreclosure appraisal. Contact Premier Appraisal Group, Inc. for a company you can count on.

Owners of property in foreclosure can present specific challenges. They could be uncooperative when it comes to allowing an inspection of the house. They might have left the property already and/or neglected care of the property for quite awhile - or in some cases vandalized the house.

For real estate that has already gone back to REO, you most likely will want to get rid of it quickly. Regardless, you'll still want to consider three ways of determining the value of the real estate at hand:

  • As Repaired. Value with the work due to make the home marketable at full market value - in accordance with similar real estate in the area
  • As-is. The value of the house without any repairs done to it
  • Quick sale. With minor investment in repairs - to sell the property quickly, most likely to someone inclined to finish the job themselves
Again, we understand your time line and the special situation of a Real Estate Owned house, in addition to the unique information you'll need - competing listings, neighborhood trends, and the like. You can bank on Premier Appraisal Group, Inc. to handle the appraisal of your REO professionally and efficiently. Contact us today.