My Blog

Foreclosure/REO appraisal

    Homes in foreclosure and homes that have reverted to your institution's ownership present special appraisal challenges. At Veracity Realty Services, llc, we're more than ready and able to help.

    For a property in foreclosure, you may need to know the difference between fair market value and "quick disposition" value, to know your potential charge-off liability. At Veracity Realty Services, llc, we have experience in both providing snapshots of fair market value for our mortgage lending and servicing clients as well as "quick sale" forecasts that understand your timeline.

    Owners of property in foreclosure, of course, present special challenges. They may be unwilling to allow an inspection of the property. If they have abandoned the property already, they may have neglected care of the home for some time -- or worse, caused damage. We have the experience and training to deal with the special dynamics of a foreclosure appraisal, and you should not hesitate to rely on us.

    For a property that has already reverted to Real Estate Owned, you likewise will be interested in a quick disposition. But you may want to know and compare three values: As-is, as repaired, and "quick sale." These represent the value of the property without any work done to it, with the work required to make the property marketable to full market value commensurate with competing properties in the area, and, somewhere in-between, with minimal investment in repairs -- selling the property quickly, probably as a "fixer-upper." Again, we understand your timeline and the unique circumstances of an REO property, as well as the special information you'll need -- competing listings, market trends, and the like.

    Please browse our website to learn more about our qualifications, expertise and services offered.

Hear Ye !!!, Hear Ye !!!, Hear Ye !!!………….

    Thanks to the support of our clients we have been able to grow in a down market. Your support has enabled us to add 2 new appraisers to our staff, and add 10 counties to our coverage area in New York.

    We are very excited to inform you of our future expansions that are coming soon. We plan on adding 3 more appraisers within the next 6 months, and we will also be adding 5 new counties to our coverage area in Pennsylvania by March of 2008.

    Our Largest expansion will soon follow shortly after that to cover 5 counties in New Jersey by June of 2008. We will then be a company that has coverage in three State's and two major cities.

    We are truly here to service your appraisal needs. If you ever feel we can do something to service you better please let us know.

    Thank you again for your business and we hope to hear from all of you soon.

Our Service Area’s

Residential Appraisals In Pennsylvania:

Berks, Bucks, Carbon, Lehigh, Monroe, Montgomery, Northampton, Pike and Schuylkill Counties.

Residential Appraisals In New York:

Bronx, Broome, Chemung, Chenango. Cortland, Delaware, Dutches, Kings, Madison, Nassau, New York, Onondaga, Otsego, Putnam, Queens, Richmond, Suffolk, Tioga, Tompkins and Westchester Counties.

Residential Appraisals In New Jersey:

We will be expanding our Service Area into New Jersey by June 1, 2008

We are always expanding our coverage area. If your company needs a particular area serviced on a regular bases in NY, NJ, or PA, let us know.....