Hill Appraisal Associates, LLC is experienced when it comes to foreclosures in Elkins Park
There are specific appraisal problems for a home in foreclosure or one that has gone back to the bank's holding.
For a house in foreclosure, you may need to know the difference between fair market worth and "quick disposition" value to know your probable charge-off liability. The professionals at Hill Appraisal Associates, LLC can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time line.
You need a company who has the training to work with the unique dynamics of a foreclosure appraisal. Contact Hill Appraisal Associates, LLC for a company you can count on.
Owners of homes in foreclosure might be unwilling to allow an inspection of the house, thus presenting special challenges. If they abandoned the home already, they may have overlooked the care of the house for some time - or even worse, ransacked the property.
For real estate that has already gone back to bank owned, you probably will be interested in a quick resolution . However, you might want to know about and analyze three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any work done to it, with the repairs called for to make the home marketable at full market value commensurate with the other properties in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your urgency and the special situation of a bank owned home, in addition to the unique information you will need -- competing listings, market trends, and so forth. You can count on Hill Appraisal Associates, LLC to take on the task of your bank owned property with expertise and professionalism. Contact us today.