Call Dante Negroni Appraisals when you need valuations for Philadelphia foreclosures

REO Appraisals in Philadelphia County

There are special appraisal difficulties when it comes to a property in foreclosure or one that has gone back to the institution's control.

When dealing with a property in foreclosure, it's important to ascertain market value versus a "quick disposition" assessment to know your possible charge-off liability. Dante Negroni Appraisals has the training in both supplying snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that take into consideration your pressing needs.

We have the expertise to handle the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact Dante Negroni Appraisals.

Owners of homes in foreclosure can present particular challenges. They might be combative when it comes to allowing the appraiser access to the home. Often the subjects have been ransacked, often at the hands of the former residents. Or, it's common to find the residents have moved out or the home languishing in disrepair for long periods of time.

For real estate that has returned to Real Estate Owned, you most likely will want to get rid of it quickly. In any case, you'll still want to consider three angles for figuring the value of the subject property:

  • As Repaired. Possible market value with the repairs due to make the home marketable at full market value - commensurate with competing houses in the area
  • As-is. The value of the home without any work done to it
  • Quick sale. With minor investment in repairs - to offload the property quickly, most likely to someone inclined to finish the job themselves
Again, we understand your time line and the specific situation of a Real Estate Owned house, in addition to the unique data you will need - competing listings, market trends, and so forth. You can count on Dante Negroni Appraisals to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.