Call Allstate Property Appraisal Services to order valuations pertaining to Monmouth foreclosures

Foreclosure Appraisals in Monmouth County

Homes in foreclosure and houses that have reverted to the financial institution's control create particular appraisal problems.

It's vital to know the meanings of "market value" and a "quick disposition" assessment to know what losses you could realize when dealing with a property in foreclosure. Allstate Property Appraisal Services has the background in both furnishing snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that take into consideration your time line.

You need a company who has the expertise to deal with the specific dynamics of a foreclosure appraisal. Contact Allstate Property Appraisal Services for a company you can .

Special challenges might be present when dealing with owners of properties in foreclosure. They could be uncooperative to allowing an inspection of the home. Sometimes the homes have been vandalized, often at the hands of the former residents themselves. Or, it's likely you'll discover nobody has lived in house for months or the home neglected for extended periods of time.

If you're dealing with property that has changed to REO, you will interested in a quick disposition. However, you might want to understand and review three values: as-is, as repaired, and "quick sale". These correspond to:

  • The value of the home without any work performed
  • Value with the repairs needed to make the home marketable at full market value - in accordance with similar properties in the area
  • Somewhere in between, with minor investment in repairs - to offload the property quickly, seemingly as a "fixer-upper"
Again, we understand your timeline and the unique circumstances of an REO property, in addition to the special data you'll need - competing listings, neighborhood trends, and so forth. You can count on Allstate Property Appraisal Services to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.