Call Nordquist Appraisal to discuss valuations regarding Allegheny foreclosures

Nordquist Appraisal is the company you should trust when you need appraisals for bank owned properties in Allegheny County

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

It's vital to ascertain the meanings of "market value" and a "quick disposition" price to evaluate your likely charge-off liability when dealing with a home in foreclosure. Nordquist Appraisal has the experience in both producing snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your time line.

You need a company with the qualifications to work with the unique dynamics of a foreclosure appraisal. For a company you can count on, contact Nordquist Appraisal.

Particular challenges can be present when dealing with owners of property in foreclosure. They may be uncooperative to allowing an inspection of the property. Often the homes have been vandalized, unfortunately at the hands of the former residents themselves. Or, it's likely you'll discover the residents have moved out or the home languishing in disrepair for extended periods of time.

For real estate that has gone back to Real Estate Owned, you probably will be interested in an expedited disposition. Regardless, you'll still want to consider three ways of figuring the value of the real estate at hand:

  • As Repaired. Value with the work necessary to make the property marketable at full market value - appropriate with other houses in the neighborhood
  • As-is. The value of the property without any repairs done to it
  • Quick sale. With minor investment in repairs - to get rid of the home quickly, seemingly to someone who'd prefer to finish the job themselves
Again, we understand your time line and the unique situation of a bank owned home, in addition to the unique information you'll need - competing listings, neighborhood trends, and so forth. You can count on Nordquist Appraisal to take on the task of your bank owned property with expertise and professionalism. Contact us today.

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