Call Riverpoint Appraisals when you need appraisals of Loudoun foreclosures

Foreclosure Appraisal in Loudoun County

There are specific appraisal problems for a home in foreclosure or one that has reverted to the financial institution's possession.

You should ascertain the meanings of "market value" and a "quick disposition" value to know what losses you could have to endure when dealing with a house in foreclosure. At Riverpoint Appraisals, we have the background in both furnishing snapshots of market value for our mortgage clients, as well as "quick sale" forecasts that factor in your pressing needs.

You need a company with the expertise to work with the specific dynamics of a foreclosure appraisal. Contact Riverpoint Appraisals for a company you can .

Occupants of homes in foreclosure might be opposed to allowing an inspection of the house, thus presenting specific challenges. Sometimes the homes have been vandalized, often by the former residents themselves. Or, it's common to discover nobody has lived in house for months or the home languishing in disrepair for extended periods of time.

For a property that has reverted to REO, you most likely will want it off your hands as quickly as possible. In any case, you'll still want to consider three angles for figuring the value of the subject property:

  • As Repaired. Value with the work due to make the property marketable at full market value - consistent with competing houses in the area
  • As-is. The value of the house without any work done to it
  • Quick sale. Somewhere in between, with minor investment in repairs - to sell the property quickly, likely as a "fixer-upper"
Again, we understand your urgency and the unique situation of an REO house, as well as the special data you'll need - competing listings, market trends, and the like. You can bank on Riverpoint Appraisals to take on the task of your REO with expertise and professionalism. Contact us today.