Peabody Allied Appraisers is experienced when you need appraisals for foreclosures in Essex and Middlesex Counties.
Real Estate in foreclosure and homes that have reverted to the lender's possession create particular appraisal problems.
For a home in foreclosure, you might need to know the difference between the fair market price and "quick disposition" to know your likely charge-off liability. At Peabody Allied Appraisers, we have the experience in both presenting snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your timeline.
You need a company with the qualifications to work with the unique dynamics of a foreclosure appraisal. Contact Peabody Allied Appraisers for a company you can count on.
Owners of property in foreclosure may be uncooperative to allowing an inspection of the home, thus presenting specific challenges. They could have moved out of the property already and/or overlooked the care of the property for some time - or worse, vandalized the house.
If your home has already reverted to REO, you will be interested in an expedited disposition. However, you may want to understand and examine three values: as-is, as repaired, and "quick sale." These represent the value of the home without any repairs done to it, with the work needed to make the home marketable at full market value corresponding with similar real estate in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your time line and the unique circumstances of a Real Estate Owned home, in addition to the special data you'll need -- competing listings, neighborhood trends, and so forth. You can bank on Peabody Allied Appraisers to take on the task of your bank owned property professionally and efficiently. Contact us today.