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Call Rivertown Appraisal when you need appraisals of Kent foreclosures

Foreclosure and Real Estate Owned Appraisal in Kent County

Real Estate in foreclosure and properties that have gone back to the bank's possession create special appraisal challenges.

For a house in foreclosure, you definitely need to know the difference between market value and a "quick disposition" value to know your probable charge-off liability. At Rivertown Appraisal, we have the experience in both supplying snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that factor in your time constraints.

The professionals at Rivertown Appraisal have the experience to deal with the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact Rivertown Appraisal.

Owners of homes in foreclosure, naturally, can present unique challenges: They could be unwilling to allow an inspection of the house. If they have abandoned the property already, they may have overlooked the care of the home for quite some time - or unfortunately, damaged the home.

For real estate that has reverted to bank owned, you typically will want to get rid of it quickly. In any case, you'll still want to consider three angles for looking at the value of the subject property:

  • As Repaired. Value with the work required to make the house marketable at full market value - consistent with other houses in the neighborhood
  • As-is. The value of the house without any repairs performed
  • Quick sale. With minor investment in repairs - to sell the home quickly, most likely as a "fixer-upper"
Again, we understand your urgency and the specific situation of an REO property, in addition to the special data you'll need - competing listings, market trends, and the like. You can rely on Rivertown Appraisal to handle the task of your bank owned property with expertise and professionalism. Contact us today.