Call Chesapeake Real Estate Appraisals, Inc to order appraisals regarding Baltimore foreclosures

Chesapeake Real Estate Appraisals, Inc is experienced when it comes to bank owned properties in Baltimore County

Properties in foreclosure and houses that have returned to the lender's control bring forth special appraisal problems.

You should differentiate the meanings of "market value" and a "quick disposition" price to analyze what losses you might have to endure when dealing with a home in foreclosure. At Chesapeake Real Estate Appraisals, Inc, we have the training in both producing snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that consider your pressing needs.

The professionals at Chesapeake Real Estate Appraisals, Inc have the expertise to deal with the unique dynamics of a foreclosure appraisal. Contact Chesapeake Real Estate Appraisals, Inc for a company you can .

Owners of homes in foreclosure may be disinclined to allow an inspection of the house, thus presenting particular challenges. Often the homes have been vandalized, often at the hands of the former residents. Or, it's likely you'll find a house at least abandoned or the home neglected for long periods of time.

For a home that has already gone back to REO, you probably will want to get rid of it quickly. In any case, you'll still want to consider three angles for figuring the value of the subject property:

  • As Repaired. Value with the work due to make the house marketable at full market value - in accordance with similar houses in the neighborhood
  • As-is. The value of the home without any repairs done to it
  • Quick sale. With minimal investment in repairs - to get rid of the property quickly, possibly to someone inclined to finish the job themselves
Again, we understand your time line and the specific circumstances of an REO home, in addition to the special data you will need - competing listings, neighborhood trends, and so forth. You can bank on Chesapeake Real Estate Appraisals, Inc to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.