is experienced when it comes to foreclosures in BooneHouses that have gone back to the bank's holding and homes in foreclosure create various appraisal challenges. For a property in foreclosure, you should recognize the gap between the fair market and "quick disposition" value 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 take into consideration your time line. You need a company with the expertise to deal with the particular dynamics of a foreclosure appraisal. For a company you can count on, contact . Owners of houses in foreclosure may be unwilling to allow an inspection of the home, thus presenting particular challenges. Sometimes the subjects show signs of vandalism, unfortunately at the hands of the former residents. Or, it's common to discover the previous owners have moved out or the home neglected for extended periods of time. If your house has gone back to REO, you will interested in a quick disposition. But you might want to know and review three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any work done to it, with the repairs called for to make the house marketable at full market value comparable with the other properties in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your timeline and the specific circumstances of a bank owned house, in addition to the unique information you'll need -- competing listings, market trends, and so forth. You can count on to take on the appraisal of your REO with expertise and professionalism. Contact us today. |