NorthStar Realty Services is a company you can trust when you need appraisals for bank owned properties in Rochester
Houses that have gone back to the bank's possession and homes in foreclosure create particular appraisal problems.
When dealing with a home in foreclosure, you need to recognize the difference between fair market value and "quick disposition" price to analyze your possible charge-off liability. NorthStar Realty Services has the knowledge in both providing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your time constraints.
NorthStar Realty Services has the qualifications to deal with the special dynamics of a foreclosure appraisal. Contact NorthStar Realty Services for a company you can trust.
Owners of houses in foreclosure might be opposed to allowing an inspection of the property, thus presenting specific challenges. They could have left the house already and/or ignored the care of the home for awhile - or gone as far as ransacked the house.
If your property has gone back to Real Estate Owned, you will interested in a speedy disposition. But you may want to understand and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any work done to it, with the work called for to make the home marketable at full market value corresponding with the other properties in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your timeline and the unique situation of a Real Estate Owned house, in addition to the special data you will need -- competing listings, neighborhood trends, and the like. You can count on NorthStar Realty Services to take on the task of your REO with expertise and professionalism. Contact us today.