Call Belanger Appraisals, Inc when you need appraisals on Virginia Beach City foreclosures

Belanger Appraisals, Inc is the company you should trust when it comes to foreclosures in Virginia Beach, Virginia

There are particular appraisal challenges for a house in foreclosure or one that has gone back to the institution's control.

For a property in foreclosure, you should understand the difference between the market value and a "quick disposition" price to know your probable charge-off liability. We can provide both snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into account your time line.

The professionals at Belanger Appraisals, Inc have the experience to deal with the unique dynamics of a foreclosure appraisal. For a company you can trust, contact Belanger Appraisals, Inc.

Owners of properties in foreclosure might be opposed to allowing an inspection of the property, thus presenting particular challenges. Sometimes the homes have been vandalized, unfortunately by the former residents. Or, it's likely you'll find the previous owners have moved out or the home neglected for long periods of time.

For a property that has changed to bank owned, you probably will want to get rid of it quickly. In any case, you'll still want to consider three ways of determining the value of the asset (or in some cases, liability):

  • As Repaired. Possible market value with the work required to make the home marketable at full market value - in accordance with other houses in the area
  • As-is. The market value of the house without any repairs done to it
  • Quick sale. With minor investment in repairs - to get rid of the property quickly, likely to someone inclined to finish the job themselves
Again, we understand your time line and the unique circumstances of an REO property, in addition to the special information you'll need - competing listings, market trends, and the like. You can count on Belanger Appraisals, Inc to take on the task of your bank owned property professionally and efficiently. Contact us today.