Call Delaware Home Valuations when you need valuations on Sussex foreclosures

Foreclosure and REO Appraisals in Sussex County

Properties in foreclosure and houses that have reverted to the institution's possession create various appraisal problems.

When dealing with a property in foreclosure, you need to know market value versus a "quick disposition" assessment to evaluate your probable charge-off liability. We can provide both snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into account your pressing needs.

The professionals at Delaware Home Valuations have the training to handle the unique dynamics of a foreclosure appraisal. For a company you can trust, contact Delaware Home Valuations.

Owners of properties in foreclosure could be disinclined to allow an inspection of the property, thus presenting special challenges. If they have abandoned the home already, they might have ignored the care of the house for quite some time - or unfortunately, caused damage to the home.

If you're dealing with home that has already reverted to REO, you will interested in a quick disposition. But you may want to understand and review three values: as-is, as repaired, and "quick sale". These represent:

  • The value of the home without any work done to it
  • Possible value with the repairs necessary to make the house marketable at full market value - in accordance with other homes in the neighborhood
  • Somewhere in between, with minor investment in repairs - to get rid of the property quickly, most likely as a "fixer-upper"
Again, we understand your urgency and the specific circumstances of a bank owned property, as well as the unique information you'll need - competing listings, neighborhood trends, and so forth. You can bank on Delaware Home Valuations to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.