Call Tortorella Appraisals, Inc. to order valuations on Ulster foreclosures

Real Estate Owned Appraisal in Ulster County

Homes that have gone back to the institution's possession and homes in foreclosure create unique appraisal difficulties.

When there is a house in foreclosure, it's important to differentiate market value versus a "quick disposition" assessment to evaluate your potential charge-off liability. The professionals at Tortorella Appraisals, Inc. can provide both snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your time line.

Tortorella Appraisals, Inc. has the experience to deal with the specific dynamics of a foreclosure appraisal. Contact Tortorella Appraisals, Inc. for a company you can trust.

Owners of properties in foreclosure could be opposed to allowing an inspection of the house, thus presenting unique challenges. If they abandoned the property already, they may have ignored the care of the property for some time - or unfortunately, ransacked the home.

You'll be interested in an expedited disposition if the house has reverted to Real Estate Owned. So you may want to know and compare three values: "as-is", "as repaired", and "quick sale". These represent:

  • The value of the home without any work done to it
  • Value with the repairs needed to make the house marketable at full market value - in accordance with other real estate in the area
  • With minimal investment in repairs - to offload the home quickly, likely as a "fixer-upper"
Again, we understand your urgency and the unique circumstances of a bank owned house, in addition to the special information you'll need - competing listings, neighborhood trends, and the like. You can rely on Tortorella Appraisals, Inc. to take on the task of your REO professionally and efficiently. Contact us today.