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Call MNP Residential Appraisals LLC when you need valuations regarding East Baton Rouge foreclosures

MNP Residential Appraisals LLC is experienced when it comes to bank owned properties in East Baton Rouge County

Homes in foreclosure and properties that have reverted to the lender's ownership bring forth various appraisal problems.

It's important to recognize the meanings of "market value" and a "quick disposition" value to evaluate what losses you might realize when dealing with a house in foreclosure. We can provide both snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your urgency.

We have the training to deal with the particular dynamics of a foreclosure appraisal. Contact MNP Residential Appraisals LLC for a company you can .

Owners of dwellings in foreclosure may be opposed to allowing an inspection of the house, thus presenting particular challenges. They could have abandoned the house already and/or neglected care of the house for quite awhile - or unfortunately, ransacked the property.

You'll be interested in a quick disposition if the home has already changed to bank owned. So you need to know and review three values: "as-is", "as repaired", and "quick sale". These represent:

  • The value of the house without any repairs performed
  • Possible value with the work due to make the property marketable at full market value - consistent with competing properties in the neighborhood
  • With minimal investment in repairs - to offload the property quickly, likely as a "fixer-upper"
Again, we understand your time line and the special circumstances of a bank owned property, in addition to the unique data you will need - competing listings, market trends, and the like. You can bank on MNP Residential Appraisals LLC to handle the task of your REO with expertise and professionalism. Contact us today.