Foreclosure and REO Appraisals in none CountyHomes in foreclosure and homes that have returned to the lender's control create specific appraisal problems. For a property in foreclosure, you may need to know the difference between the fair market worth and "quick disposition" value to know your potential charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your urgency. The professionals at Accurate Appraisals have the training to work with the particular dynamics of a foreclosure appraisal. For a company you can count on, contact Accurate Appraisals. Owners of properties in foreclosure could be opposed to allowing an inspection of the house, thus presenting unique challenges. If they abandoned the house already, they may have neglected care of the home for a long time - or unfortunately, damaged the house. You'll be interested in a speedy disposition if the home has already changed to Real Estate Owned. So you might want to know about and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any work performed, with the repairs required to make the property marketable at full market value comparable with competing homes in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your timeline and the special situation of a bank owned home, as well as the specific data you'll need -- competing listings, neighborhood trends, and the like. You can count on Accurate Appraisals to handle the task of your REO professionally and efficiently. Contact us today. |