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Call Eastern Appraisal Services, Inc. to discuss appraisals on Providence foreclosures

Eastern Appraisal Services, Inc. is experienced when you need appraisals for bank owned properties in Providence County

Houses in foreclosure and houses that have reverted to the bank's ownership bring forth particular appraisal challenges.

For a house in foreclosure, you need to understand the gap between market and a "quick disposition" value to know your likely charge-off liability. Eastern Appraisal Services, Inc. has the background in both providing snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your time line.

Eastern Appraisal Services, Inc. has the training to deal with the special dynamics of a foreclosure appraisal. Contact Eastern Appraisal Services, Inc. for a company you can count on.

Unique challenges might be present when dealing with owners of houses in foreclosure. They could be opposed to allowing an inspection of the house. They might have moved out of the property already and/or overlooked the care of the property for some time - or gone as far as vandalized the home.

If you're dealing with home that has reverted to bank owned, you will interested in a fast disposition. But you may want to understand and compare three values: as-is, as repaired, and "quick sale". These correspond to:

  • The value of the property without any repairs performed
  • Possible value with the repairs needed to make the house marketable at full market value - consistent with competing houses in the area
  • With minor investment in repairs - to offload the home quickly, probably to someone who'd prefer to finish the job themselves
Again, we understand your timeline and the unique situation of a Real Estate Owned property, as well as the specific information you'll need - competing listings, neighborhood trends, and the like. You can bank on Eastern Appraisal Services, Inc. to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.