Call Loveland Properties and Appraisal when you need appraisals on Cumberland foreclosures

Foreclosure and REO Appraisal in Cumberland County

Properties in foreclosure and homes that have gone back to the institution's ownership present special appraisal challenges.

It's vital to ascertain the meanings of "market value" and a "quick disposition" price to evaluate what losses you might realize when dealing with a home in foreclosure. Loveland Properties and Appraisal has the knowledge in both presenting snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into consideration your pressing needs.

We have the qualifications to handle the special dynamics of a foreclosure appraisal. Contact Loveland Properties and Appraisal for a company you can .

Owners of houses in foreclosure can present specific challenges: They could be disinclined to allow an inspection of the house. Often the homes have been ransacked, often at the hands of the former residents themselves. Or, it's common to discover nobody has occupied the house for months or the home languishing in disrepair for long periods of time.

For a home that has returned to bank owned, you likewise will be interested in a quick resolution. Regardless, you'll still want to consider three angles for determining the value of the asset:

  • As Repaired. Possible market value with the work needed to make the house marketable at full market value - consistent with competing properties in the area
  • As-is. The market value of the home without any repairs performed
  • Quick sale. With minimal investment in repairs - to offload the property quickly, possibly as a "fixer-upper"
Again, we understand your time line and the specific circumstances of a Real Estate Owned property, in addition to the unique information you will need - competing listings, market trends, and the like. You can count on Loveland Properties and Appraisal to handle the task of your REO with expertise and professionalism. Contact us today.