Foreclosure Appraisal in none County
Homes that have reverted to the financial institution's holding and houses in foreclosure bring forth unique appraisal difficulties.
When dealing with a property in foreclosure, you need to know the difference between fair market price and "quick disposition" worth to evaluate your potential charge-off liability. Accurate Appraisals has the training in both producing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into consideration your timeline.
We have the expertise to deal with the special dynamics of a foreclosure appraisal. For a company you can trust, contact Accurate Appraisals.
Owners of houses in foreclosure, of course, can present particular challenges. They could be uncooperative to allowing an inspection of the home. Sometimes the properties have been ransacked, often by the former residents themselves. Or, it's likely you'll find a house at a minimum abandoned or the home languishing in disrepair for long of time.
For a home that has already reverted to REO, you most likely will be interested in a quick resolution . But you may want to know about and compare three values: as-is, as repaired, and "quick sale." These represent the value of the house without any repairs performed, with the repairs due to make the house marketable at full market value comparable with the other real estate in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your time line and the specific circumstances of an REO property, as well as the unique information you will need -- competing listings, neighborhood trends, and so forth. You can rely on Accurate Appraisals to handle the task of your REO professionally and efficiently. Contact us today.