is experienced when you need appraisals for bank owned properties inHomes in foreclosure and houses that have reverted to the lender's possession create unique appraisal challenges. You should know the difference between fair market price and "quick disposition" worth to analyze your possible write-down liability when dealing with a house in foreclosure. At , we have the experience in both furnishing snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your time constraints. has the expertise to deal with the unique dynamics of a foreclosure appraisal. Contact for a company you can rely on. Occupants of homes in foreclosure may be unwilling to allow an inspection of the house, thus presenting specific challenges. They may have deserted the home already and/or ignored the care of the property for quite some time - or unfortunately, damaged the home. For a home that has changed to bank owned, you most likely will want it off your hands as quickly as possible . However, you may want to know about and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any work done to it, with the work necessary to make the house marketable at full market value consistent with the other real estate in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your time line and the specific circumstances of an REO home, in addition to the specific information you'll need -- competing listings, market trends, and so forth. You can rely on to handle the appraisal of your REO professionally and efficiently. Contact us today. |