KP Appraisals, Inc. is a company you can trust when it comes to foreclosures in New YorkThere are various appraisal challenges for a home in foreclosure or one that has returned to the bank's control. It's vital to recognize the difference between fair market value and "quick disposition" value to know your potential write-down liability when dealing with a house in foreclosure. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time line. The professionals at KP Appraisals, Inc. have the expertise to work with the unique dynamics of a foreclosure appraisal. Contact KP Appraisals, Inc. for a company you can rely on. Occupants of property in foreclosure could be uncooperative to allowing an inspection of the home, thus presenting special challenges. Often the properties show signs of vandalism, unfortunately at the hands of the residents. Or, it's likely you'll find a house at least abandoned or the home neglected for long of time. If your property has reverted to REO, you will interested in a speedy disposition. But you might want to understand and review three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any work performed, with the work due to make the house marketable at full market value appropriate with similar properties in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly to someone inclined to finish the job themselves. Again, we understand your time line and the unique situation of a Real Estate Owned property, as well as the specific information you'll need -- competing listings, market trends, and the like. You can count on KP Appraisals, Inc. to take on the task of your bank owned property professionally and efficiently. Contact us today. |