Call Burgundy Appraisals, LLC when you need appraisals pertaining to Bucks foreclosures

Foreclosure and Real Estate Owned Appraisals in Bucks County

Houses in foreclosure and homes that have reverted to the bank's ownership create special appraisal problems.

For a house in foreclosure, you definitely need to understand the gap between the market value and a "quick disposition" price to know your likely charge-off liability. We can provide both snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your time line.

The professionals at Burgundy Appraisals, LLC have the expertise to handle the unique dynamics of a foreclosure appraisal. For a company you can count on, contact Burgundy Appraisals, LLC.

Unique challenges may be present when dealing with owners of property in foreclosure. They might be unwilling to allow an inspection of the home. If they abandoned the home already, they may have neglected care of the house for a long time - or unfortunately, caused damage to the home.

For real estate that has already reverted to Real Estate Owned, you typically will want to get rid of it quickly. Regardless, you'll still want to consider three ways of looking at the value of the asset (or in some cases, liability):

  • As Repaired. Value with the work required to make the house marketable at full market value - comparable with other properties in the neighborhood
  • As-is. The value of the home without any repairs performed
  • Quick sale. With minor investment in repairs - to get rid of the property quickly, probably as a "fixer-upper"
Again, we understand your timeline and the special situation of a bank owned house, in addition to the special information you'll need - competing listings, market trends, and so forth. You can rely on Burgundy Appraisals, LLC to take on the appraisal of your REO with expertise and professionalism. Contact us today.