Pollock Appraisal Group, LLC is experienced when you need appraisals for bank owned properties in New OrleansThere are special appraisal challenges regarding a home in foreclosure or one that has reverted to the bank's ownership. When dealing with a property in foreclosure, you need to differentiate the difference between fair market worth and "quick disposition" price to evaluate your potential charge-off liability. At Pollock Appraisal Group, LLC, we have the background in both furnishing snapshots of fair market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that understand your timeline. The professionals at Pollock Appraisal Group, LLC have the experience to deal with the unique dynamics of a foreclosure appraisal. Contact Pollock Appraisal Group, LLC for a company you can trust. Specific challenges might be present when dealing with owners of property in foreclosure. They may be unwilling to allow an inspection of the home. If they deserted the property already, they could have not taken care of the house for a long time - or even worse, damaged the home. If your property has returned to REO, you will interested in a fast disposition. However, you may want to know about and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the property without any repairs done to it, with the repairs due to make the home marketable at full market value consistent with competing homes in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your time line and the specific circumstances of an REO property, in addition to the special information you'll need -- competing listings, market trends, and the like. You can bank on Pollock Appraisal Group, LLC to handle the task of your bank owned property professionally and efficiently. Contact us today. |