LOUIS FRAGALA is experienced when it comes to bank owned properties in East IslipHouses that have returned to the institution's holding and properties in foreclosure present particular appraisal difficulties. When dealing with a home in foreclosure, it's important to understand the difference between fair market worth and "quick disposition" worth to evaluate your possible charge-off liability. At LOUIS FRAGALA, we have the background in both supplying snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your timeline. You need a company who has the qualifications to work with the special dynamics of a foreclosure appraisal. For a company you can trust, contact LOUIS FRAGALA. Owners of properties in foreclosure could be opposed to allowing an inspection of the property, thus presenting unique challenges. They could have left the house already and/or overlooked the care of the home for quite awhile - or worse, damaged the home. You will be interested in a fast disposition if the property has returned to REO. So you may want to understand and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any repairs performed, with the work due to make the property marketable at full market value consistent with competing houses in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your time line and the special circumstances of a bank owned house, in addition to the specific information you'll need -- competing listings, neighborhood trends, and the like. You can count on LOUIS FRAGALA to take on the appraisal of your REO professionally and efficiently. Contact us today. |