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The Coyle Group

 

Philadelphia

Montgomery County

Bucks County

Delaware County

      Chester County 

 

Phone: 215.836.5500

 

 

 

 

 

 

Foreclosure & REO Valuation ServicesThe Coyle Group, LLC - Foreclosure Appraisals

There are unique appraisal problems for a home in foreclosure or one that has returned to the financial institution's ownership.

For a home in foreclosure, our clients need to know the gap between the market price and a "quick disposition" value in order to determine their likely charge-off liability. We can provide both snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that understand the time constraints of asset managers.

Over the years, our appraisers have worked closely with distressed asset managers including the HUD Marketing & Management Contractors. Below is a partial list of The Coyle Group's past and present REO clients:

  • Hooks VanHolm
  • Golden Feather
  • First Preston
  • Financial Asset Services (FASREO)
  • Keystone Asset Management
  • Integrated Asset Services
  • TREO
  • HUD/FHA
  • Veteran's Administration (VA)

Owners of houses in foreclosure unfortunately can present special challenges. They might be unwilling to allow us access to the home. They could have deserted the property already and/or overlooked the care of the property for quite awhile - or even worse, intentionally harmed the home.

For a property that has returned to REO, you most likely will want to get rid of it quickly. In any case, you'll still want to consider three angles for looking at the value of the asset:

  • As Repaired. Possible market value with the work necessary to make the property marketable at full market value - commensurate with competing properties in the neighborhood
  • As-is. The market value of the home without any repairs done to it
  • Quick sale. Somewhere in the middle, with minimal investment in repairs - to get rid of the property quickly, most likely to someone inclined to finish the job themselves
Again, we understand your timeline and the unique situation of a Real Estate Owned home, in addition to the special information you will need - competing listings, neighborhood trends, and the like. You can count on The Coyle Group, LLC to take on the task of your bank owned property professionally and efficiently.  If you have distressed assets in the Greater Philadelphia region and need dependable values Contact us today.

The Coyle Group - Philadelphia Appraisers