Call Coastal Virginia Appraisals, LLC when you need appraisals of Virginia Beach City foreclosures

Coastal Virginia Appraisals, LLC is the company you should trust when it comes to foreclosures in Virginia Beach City County

There are special appraisal problems when it comes to a property in foreclosure or one that has gone back to the institution's holding.

When dealing with a property in foreclosure, it's important to differentiate market value versus a "quick disposition" value to evaluate your potential charge-off liability. The professionals at Coastal Virginia Appraisals, LLC can provide both snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your pressing needs.

You need a company with the expertise to handle the particular dynamics of a foreclosure appraisal. Contact Coastal Virginia Appraisals, LLC for a company you can count on.

Owners of dwellings in foreclosure might be uncooperative to allowing an inspection of the house, thus presenting unique challenges. They might have left the property already and/or neglected care of the property for quite some time - or even worse, ransacked the house.

For a home that has reverted to bank owned, you most likely will want to get rid of it quickly. Regardless, you'll still want to consider three angles for determining the value of the asset:

  • As Repaired. Possible market value with the work needed to make the home marketable at full market value - commensurate with competing real estate in the area
  • As-is. The market value of the property without any work done to it
  • Quick sale. With minimal investment in repairs - to get rid of the home quickly, probably to someone inclined to finish the job themselves
Again, we understand your urgency 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 Coastal Virginia Appraisals, LLC to handle the task of your bank owned property professionally and efficiently. Contact us today.