Call Port City Appraisal Company (910) 796-0961 to order valuations on New Hanover foreclosures

Foreclosure and Real Estate Owned Appraisal in New Hanover County

There are specific appraisal challenges involved in a home in foreclosure or one that has reverted to the lender's ownership.

You need to differentiate the meanings of "market value" and a "quick disposition" value to evaluate your likely write-down liability when dealing with a property in foreclosure. We can provide both snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your time constraints.

We have the training to handle the unique dynamics of a foreclosure appraisal. For a company you can count on, contact Port City Appraisal Company (910) 796-0961.

Specific challenges may be present when working with owners of homes in foreclosure. They could be opposed to allowing an inspection of the home. If they moved out of the house already, they might have ignored the care of the house for a long time - or unfortunately, ransacked the home.

For a property that has reverted to Real Estate Owned, you most likely will want it off your hands as quickly as possible. Regardless, you'll still want to consider three angles for determining the value of the real estate at hand:

  • As Repaired. Possible market value with the work needed to make the home marketable at full market value - commensurate with other real estate in the neighborhood
  • As-is. The market value of the house without any repairs done to it
  • Quick sale. With minimal investment in repairs - to offload the property quickly, likely to someone who'd prefer to finish the job themselves
Again, we understand your timeline and the special circumstances of a bank owned home, as well as the special data you'll need - competing listings, market trends, and the like. You can bank on Port City Appraisal Company (910) 796-0961 to handle the task of your REO professionally and efficiently. Contact us today.