Real Estate Owned and Foreclosure Appraisals in none CountyThere are specific appraisal difficulties when we're talking about a property in foreclosure or one that has gone back to the institution's holding. When dealing with a property in foreclosure, you should understand the difference between fair market worth and "quick disposition" worth to evaluate your likely charge-off liability. The professionals at Accurate Appraisals can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into consideration your timeline. Accurate Appraisals has the experience to work with the specific dynamics of a foreclosure appraisal. Contact Accurate Appraisals for a company you can count on. Owners of homes in foreclosure, of course, can present specific challenges. They may be opposed to allowing an inspection of the home. Often the homes have been vandalized, unfortunately at the hands of the former residents. Or, it's common to find a house at least abandoned or the home languishing in disrepair for extended periods of time. For a property that has already gone back to Real Estate Owned, you probably will be going for a speedy resolution . But you may want to understand and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any repairs done to it, with the work due to make the property marketable at full market value consistent with similar homes in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your timeline and the specific situation of a Real Estate Owned property, as well as the specific information you'll need -- competing listings, neighborhood trends, and the like. You can rely on Accurate Appraisals to take on the appraisal of your bank owned property professionally and efficiently. Contact us today. |