Call Atlantic Appraisal Solutions, LLC to discuss valuations of Virginia Beach City foreclosures

Atlantic Appraisal Solutions, LLC is experienced when it comes to bank owned properties in Hampton Roads.

There are various appraisal challenges when it comes to a house in foreclosure or one that has gone back to the bank's control.

You need to recognize the meanings of "market value" and a "quick disposition" price to evaluate your probable charge-off liability when dealing with a property in foreclosure. We can provide both snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your urgency.

You need a company who has the experience to deal with the unique dynamics of a foreclosure appraisal. Contact Atlantic Appraisal Solutions, LLC for a company you can count on.

Owners of properties in foreclosureunfortunately can present specific challenges: For example, they might be disinclined to allow an inspection of the house. Often the homes show signs of vandalism, often by the former residents themselves. Or, it's common to discover a house at a minimum abandoned or the home neglected for long periods of time.

 

For a property that has already reverted to REO, you most likely will be seeking a speedy disposition. In any case, you'll still want to consider three ways of looking at the value of the asset:

  • As Repaired. Possible market value with the work called for to make the house marketable at full market value - consistent with similar houses in the area
  • As-is. The market value of the home without any work done to it
  • Quick sale. With minimal investment in repairs - to sell the home quickly, likely as a "fixer-upper"
Again, we understand your urgency and the specific circumstances of a bank owned home, in addition to the unique data you'll need - competing listings, market trends, and the like. You can bank on Atlantic Appraisal Solutions, LLC to take on the task of your REO with expertise and professionalism. Contact us today.