Accurate Appraisals is experienced when it comes to foreclosures in none
There are special appraisal problems regarding a home in foreclosure or one that has reverted to the financial institution's holding.
For a home in foreclosure, you may need to understand the gap between the fair market worth and "quick disposition" worth to know your potential charge-off liability. At Accurate Appraisals, we have the experience in both producing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your urgency.
We have the qualifications to handle the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact Accurate Appraisals.
Owners of homes in foreclosure, of course, can present special challenges. They could be opposed to allowing an inspection of the property. Sometimes the properties have been vandalized, unfortunately at the hands of the former residents. Or, it's common to find the families have moved out or the home neglected for long of time.
For real estate that has reverted to bank owned, you most likely will want it off your hands as quickly as possible . However, you might want to understand and review three values: as-is, as repaired, and "quick sale." These represent the value of the property without any repairs done to it, with the repairs due to make the property marketable at full market value appropriate with the other houses in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your urgency and the unique circumstances of an REO property, as well as the specific data you will need -- competing listings, neighborhood trends, and so forth. You can count on Accurate Appraisals to handle the task of your REO with expertise and professionalism. Contact us today.