Call Valuation Consulting Group when you need appraisals pertaining to Pinellas foreclosures

REO and Foreclosure Appraisals in Pinellas County

There are special appraisal challenges regarding a property in foreclosure or one that has gone back to the lender's control.

For a house in foreclosure, you definitely need to know the difference between market value and a "quick disposition" to know your probable charge-off liability. Valuation Consulting Group has the experience in both furnishing snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your time line.

The professionals at Valuation Consulting Group have the training to deal with the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact Valuation Consulting Group.

Particular challenges might be present when working with owners of properties in foreclosure. They might be unwilling to allow an inspection of the property. If they have abandoned the property already, they may have not taken care of the home for some time - or even worse, damaged the house.

For real estate that has reverted to REO, you probably will want to get rid of it quickly. Regardless, you'll still want to consider three ways of figuring the value of the subject property:

  • As Repaired. Value with the work due to make the property marketable at full market value - commensurate with other homes in the neighborhood
  • As-is. The market value of the home without any repairs performed
  • Quick sale. Somewhere in the middle, with minimal investment in repairs - to get rid of the home quickly, most likely as a "fixer-upper"
Again, we understand your time line and the special circumstances of a Real Estate Owned house, in addition to the special information you will need - competing listings, market trends, and the like. You can count on Valuation Consulting Group to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.

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