REO and Foreclosure Appraisal in Fairfax City CountyHomes that have gone back to the institution's holding and homes in foreclosure bring forth particular appraisal challenges. When dealing with a home in foreclosure, it's important to know the difference between fair market price and "quick disposition" worth to analyze your possible charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your urgency. You need a company who has the qualifications to handle the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact . Special challenges may be present when working with owners of homes in foreclosure. They could be unwilling to allow an inspection of the house. If they moved out of the property already, they might have neglected care of the property for a long time - or unfortunately, damaged the house. For a home that has changed to bank owned, you likewise will be seeking a fast disposition . However, you might want to know about and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any repairs performed, with the repairs necessary to make the house marketable at full market value consistent with competing real estate in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, seemingly to someone inclined to finish the job themselves. Again, we understand your urgency and the unique circumstances of an REO home, as well as the unique data you'll need -- competing listings, neighborhood trends, and so forth. You can bank on to take on the task of your REO with expertise and professionalism. Contact us today. |