Real Estate Owned and Foreclosure Appraisal in none CountyProperties that have reverted to the bank's ownership and houses in foreclosure create unique appraisal challenges. When there is a house in foreclosure, you need to understand the difference between fair market price and "quick disposition" value to analyze your possible charge-off liability. At Accurate Appraisals, we have the background in both furnishing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your time constraints. You need a company with the training to deal with the special dynamics of a foreclosure appraisal. For a company you can count on, contact Accurate Appraisals. Owners of homes in foreclosure, of course, can present special challenges. They could be disinclined to allow an inspection of the property. If they abandoned the property already, they may have overlooked the care of the property for some time - or even worse, damaged the home. For a property that has already changed to Real Estate Owned, you most likely will want it off your hands as quickly as possible . But you might want to know and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any repairs performed, with the work required to make the home marketable at full market value corresponding with similar homes in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your time line and the specific situation of a Real Estate Owned house, in addition to the special data you'll need -- competing listings, neighborhood trends, and so forth. You can rely on Accurate Appraisals to handle the appraisal of your REO professionally and efficiently. Contact us today. |