Foreclosure and Real Estate Owned Appraisal in Baltimore CountyProperties in foreclosure and properties that have gone back to the institution's control present specific appraisal problems. When there is a property in foreclosure, you should understand the difference between fair market value and "quick disposition" worth to know your probable charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your time line. You need a company who has the qualifications to work with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact . Particular challenges can be present when dealing with owners of houses in foreclosure. They could be disinclined to allow an inspection of the house. If they abandoned the property already, they may have not taken care of the house for some time - or unfortunately, caused damage to the property. You'll be interested in an expedited disposition if the home has returned to Real Estate Owned. So you may want to know about and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any repairs performed, with the repairs required to make the home marketable at full market value consistent with similar homes in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your timeline and the specific circumstances of a bank owned home, as well as the specific data you will need -- competing listings, neighborhood trends, and the like. You can rely on to take on the task of your bank owned property professionally and efficiently. Contact us today. |