Call Herrenbruck Appraisals, LLC when you need valuations on Milwaukee foreclosures

Herrenbruck Appraisals, LLC is experienced when it comes to bank owned properties in Milwaukee County

Properties in foreclosure and homes that have gone back to the financial institution's ownership bring forth special appraisal challenges.

For a property in foreclosure, you would be wise to know the difference between the market price and a "quick disposition" price to know your potential charge-off liability. At Herrenbruck Appraisals, LLC, we have the experience in both presenting snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that consider your urgency.

You need a company who has the training to work with the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact Herrenbruck Appraisals, LLC.

Unique challenges can be present when working with owners of houses in foreclosure. They may be disinclined to allow an inspection of the house. They might have left the house already and/or neglected care of the home for quite awhile - or in some cases intentionally harmed the house.

For real estate that has changed to Real Estate Owned, you probably will be going for a quick resolution. Regardless, you'll still want to consider three ways of figuring the value of the real estate at hand:

  • As Repaired. Value with the repairs called for to make the home marketable at full market value - comparable with similar real estate in the neighborhood
  • As-is. The value of the house without any repairs done to it
  • Quick sale. With minimal investment in repairs - to offload the home quickly, possibly to someone who'd rather finish the job themselves
Again, we understand your timeline and the unique circumstances of an REO property, in addition to the special information you will need - competing listings, market trends, and the like. You can rely on Herrenbruck Appraisals, LLC to take on the appraisal of your REO professionally and efficiently. Contact us today.