REO and Foreclosure Appraisals in Lackawanna County

It's vital to differentiate the meanings of "market value" and a "quick disposition" assessment to know your probable charge-off liability when dealing with a property in foreclosure. At Lamandre Appraisals, we have the knowledge in both supplying snapshots of market value for our mortgage clients, as well as "quick sale" forecasts that understand your timeline.

	Lamandre Appraisals has the experience to handle the specific dynamics of a foreclosure appraisal. Contact Lamandre Appraisals for a company you can .

Owners of properties in foreclosure might be unwilling to allow an inspection of the home, thus presenting unique challenges. If they left the home already, they may have not taken care of the property for quite some time - or unfortunately, damaged the home.

For a home that has returned to REO, you likewise will be interested in an expeditious disposition. In any case, you'll still want to consider three ways of determining the value of the subject property:

• As Repaired. Possible market value with the repairs called for to make the house marketable at full market value - commensurate with competing properties in the area
• As-is. The market value of the home without any repairs done to it
• Quick sale. With minor investment in repairs - to offload the home quickly, most likely to someone inclined to finish the job themselves