Foreclosure Appraisal in Philadelphia County

For a house in foreclosure, you should recognize the difference between the market value and a "quick disposition" value to know your likely charge-off liability. We can provide both snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into consideration your time constraints.

	We have the training to handle the particular dynamics of a foreclosure appraisal. Contact Michael D. Yizzi Appraisals for a company you can rely on.

Specific challenges can be present when dealing with owners of homes in foreclosure. They could be disinclined to allow an inspection of the home. They could have left the property already and/or ignored the care of the property for awhile - or gone as far as caused damage to the property.

If you're dealing with a house that has already gone back to Real Estate Owned, you will interested in a fast disposition. However, you may want to know about and compare three values: as-is, as repaired, and "quick sale". These symbolize:

• The value of the home without any work done to it
• Value with the repairs required to make the home marketable at full market value - comparable with similar properties in the area
• Somewhere in between, with minimal investment in repairs - to sell the home quickly, seemingly to someone inclined to finish the job themselves