James A Houle & Associates is experienced when you need appraisals for foreclosures in Newport CountyProperties that have reverted to the institution's ownership and properties in foreclosure create particular appraisal problems.
When there is a home in foreclosure, it's important to know market value versus a "quick disposition" assessment to evaluate your possible charge-off liability. We can provide both snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your pressing needs.
Unique challenges might be present when working with owners of homes in foreclosure. They might be unwilling to allow an inspection of the house. Often the houses have been intentionally damaged, often by the residents. Or, it's common to discover nobody has lived in house for months or the home languishing in disrepair for extended periods of time.
For real estate that has already reverted to REO, you most likely will want it off your hands as quickly as possible. But you may want to understand and analyze three values - "as-is", "as repaired", and "quick sale". These represent: