Homes in foreclosure and homes that have reverted to your institution's ownership present special appraisal challenges. At Homeland Appraisals Inc, we're more than ready and able to help.
For a property in foreclosure, you may need to know the difference between fair market value and "quick disposition" value, to know your potential charge-off liability. At RHL Real Estate Appraisals, Inc., we have experience in both providing snapshots of fair market value for our mortgage lending and servicing clients as well as "quick sale" forecasts that understand your timeline.
Owners of property in foreclosure, of course, present special challenges. They may be unwilling to allow an inspection of the property. If they have abandoned the property already, they may have neglected care of the home for some time -- or worse, caused damage. We have the experience and training to deal with the special dynamics of a foreclosure appraisal, and you should not hesitate to rely on us.
For a property that has already reverted to Real Estate Owned, you likewise will be interested in a quick disposition. But you may want to know and compare three values: As-is, as repaired, and "quick sale." These represent the value of the property without any work done to it, with the work required to make the property marketable to full market value commensurate with competing properties in the area, and, somewhere in-between, with minimal investment in repairs -- selling the property quickly, probably as a "fixer-upper." Again, we understand your timeline and the unique circumstances of an REO property, as well as the special information you'll need -- competing listings, market trends, and the like.
Please browse our website to learn more about our qualifications, expertise and services offered.
"These guys gave me exactly what I needed - a true fair market value. I was looking to list my home for sale and realized that brokers & online sites like zillow were giving me different figures for my property. I called up Homeland and they told me that they will appraise it as if they were appraising it for a bank. They said that this way it would reflect the true value of a home as it would be what a bank is willing to lend on. Lo and behold their appraisal came in at exactly the same amount the bank's appraiser came in for the mortgage loan. If you want a true unbiased opinion of value, call these guys up - they definitely know what they're doing."
James Sanphy – Yonkers, NY
"It was such a pleasure working with Homeland; they were very flexible with their scheduling and fulfilled their promise of a 24-Hr Turnaround! (They saved me from my procastination!) The appraisal was for tax grievance purposes and it eventually helped me to significantly reduce my property taxes. Their certified appraisal met all the requirements set forth by the town. I would highly recommend them in the future!"
Stacey Fanara – Rye, NY
"I used this company to help settle my Father's estate. They knew what I needed even before I had a chance to explain. They provided me with a certified retrospective appraisal dated at the date of passing and were very professional throughout the whole process. I recommended them to my neighbor who was thinking of listing her home and she was very satisfied as well. Call these guys up, you can't go wrong."
Eugene Camilleri – Ardsley, NY