Call REID E. CHOATE & ASSOCIATES, LLC when you need valuations for Hawaii foreclosures

Foreclosure and Real Estate Owned Appraisal in Hawaii County

Houses that have gone back to the institution's holding and homes in foreclosure create particular appraisal problems.

You should differentiate the difference between fair market value and "quick disposition" worth to know your likely charge-off liability when dealing with a property in foreclosure. At REID E. CHOATE & ASSOCIATES, LLC, we have the experience in both producing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time line.

You need a company who has the expertise to deal with the particular dynamics of a foreclosure appraisal. For a company you can count on, contact REID E. CHOATE & ASSOCIATES, LLC.

Owners of properties in foreclosure, of course, can present unique challenges. They might be disinclined to allow an inspection of the home. If they have abandoned the home already, they might have not taken care of the property for some time - or worse, caused damage to the house.

For real estate that has already reverted to Real Estate Owned, you most likely will be seeking an expeditious disposition . However, you might want to know about and review three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any work performed, with the repairs necessary to make the home marketable at full market value consistent with similar homes in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably to someone who'd rather finish the job themselves. Again, we understand your timeline and the specific situation of a bank owned home, in addition to the special data you'll need -- competing listings, neighborhood trends, and the like. You can rely on REID E. CHOATE & ASSOCIATES, LLC to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.