Piscitelli Appraisal Service is experienced when you need appraisals for bank owned properties in VenturaProperties that have reverted to the institution's ownership and homes in foreclosure present special appraisal challenges. When dealing with a property in foreclosure, you should know the difference between fair market value and "quick disposition" value to analyze your possible charge-off liability. At Piscitelli Appraisal Service, we have the background in both producing 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 training to work with the unique dynamics of a foreclosure appraisal. For a company you can trust, contact Piscitelli Appraisal Service. Occupants of homes in foreclosure could be opposed to allowing an inspection of the property, thus presenting unique challenges. If they left the home already, they might have ignored the care of the property for quite awhile - or unfortunately, damaged the property. For a home that has reverted to REO, you probably will want to get rid of it quickly . However, you might want to know and examine three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any repairs done to it, with the repairs called for to make the house marketable at full market value corresponding with competing properties in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your urgency and the unique situation of an REO house, in addition to the special data you will need -- competing listings, neighborhood trends, and so forth. You can rely on Piscitelli Appraisal Service to handle the task of your REO with expertise and professionalism. Contact us today. |