Real Estate Owned and Foreclosure Appraisals in none County
Properties that have returned to the bank's ownership and houses in foreclosure create various appraisal challenges.
You need to ascertain the difference between fair market price and "quick disposition" worth to analyze what losses you stand to sustain when dealing with a property in foreclosure. At Accurate Appraisals, we have the experience in both providing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your timeline.
We have the experience to deal with the particular dynamics of a foreclosure appraisal. Contact Accurate Appraisals for a company you can count on.
Occupants of in foreclosure could be opposed to allowing an inspection of the house, thus presenting specific challenges. Sometimes the subjects show signs of vandalism, unfortunately by the residents. Or, it's likely you'll discover a house at least abandoned or the home languishing in disrepair for long of time.
You'll be interested in an expeditious disposition if the property has gone back to REO. So you might want to know about and review three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any repairs done to it, with the work necessary to make the home marketable at full market value consistent with similar real estate in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely to someone who'd rather finish the job themselves. Again, we understand your urgency and the unique situation of a Real Estate Owned property, as well as the specific data you will need -- competing listings, neighborhood trends, and so forth. You can bank on Accurate Appraisals to handle the appraisal of your REO professionally and efficiently. Contact us today.