is experienced when you need appraisals for foreclosures inThere are specific appraisal problems when we're talking about a property in foreclosure or one that has returned to the bank's control. When there is a home in foreclosure, it's important to ascertain the difference between fair market value and "quick disposition" value to analyze your probable charge-off liability. has the background in both furnishing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your timeline. You need a company with the experience to work with the unique dynamics of a foreclosure appraisal. Contact for a company you can count on. Special challenges can be present when working with owners of homes in foreclosure. They might be unwilling to allow an inspection of the house. If they left the home already, they could have ignored the care of the property for some time - or even worse, damaged the property. You will be interested in a speedy disposition if the house has changed to Real Estate Owned. So you need to know about and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any work performed, with the repairs due to make the house marketable at full market value commensurate with the other real estate in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably to someone who'd prefer to finish the job themselves. Again, we understand your timeline and the specific circumstances of a bank owned house, in addition to the unique data you will need -- competing listings, market trends, and so forth. You can count on to handle the task of your REO professionally and efficiently. Contact us today. |