profile picture

Call Gene A. Castagnetti Real Estate Appraiser when you need appraisals on Honolulu foreclosures

Gene A. Castagnetti Real Estate Appraiser is the company you should trust when you need appraisals for bank owned properties in Honolulu County

Houses that have reverted to the institution's possession and homes in foreclosure present special appraisal difficulties.

It's vital to ascertain the meanings of "market value" and a "quick disposition" assessment to know your probable charge-off liability when dealing with a house in foreclosure. Gene A. Castagnetti Real Estate Appraiser has the background in both presenting snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your time constraints.

You need a company who has the qualifications to work with the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact Gene A. Castagnetti Real Estate Appraiser.

Owners of property in foreclosureunfortunately can present particular challenges. They might be disinclined to allow an inspection of the property. Sometimes the properties have been vandalized, unfortunately by the residents themselves. Or, it's common to discover the families have moved out or the home languishing in disrepair for long periods of time.

For a property that has returned to bank owned, you typically will want it off your hands as quickly as possible. Regardless, you'll still want to consider three ways of determining the value of the asset (or in some cases, liability):

  • As Repaired. Value with the work called for to make the property marketable at full market value - appropriate with competing homes in the neighborhood
  • As-is. The value of the house without any repairs done to it
  • Quick sale. With minor investment in repairs - to offload the property quickly, seemingly as a "fixer-upper"
Again, we understand your timeline and the special circumstances of an REO house, as well as the special data you will need - competing listings, neighborhood trends, and the like. You can count on Gene A. Castagnetti Real Estate Appraiser to take on the task of your bank owned property with expertise and professionalism. Contact us today.