We are experienced when you need appraisals for foreclosures.There are specific appraisal problems for a home in foreclosure or one that has returned to the lender's holding. When there is a house in foreclosure, it's important to ascertain the difference between fair market price and "quick disposition" worth to evaluate your likely charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into consideration your timeline. You need a company who has the training to deal with the special dynamics of a foreclosure appraisal. Contact us for a company you can trust. Specific challenges might be present when working with owners of homes in foreclosure. They might be unwilling to allow an inspection of the property. If they deserted the property already, they may have ignored the care of the home for quite a while - or even worse, caused damage to the house. If your home has returned to Real Estate Owned, you will be interested in an expedited disposition. However, you might want to know and analyze three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any work done to it, with the repairs called for to make the house marketable at full market value consistent with the other homes in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your timeline and the special circumstances of a Real Estate Owned home, in addition to the specific information you'll need -- competing listings, market trends, and so forth. You can bank on us to handle the appraisal of your REO with expertise and professionalism. Contact us today. |