is a company you can trust when you need appraisals for bank owned properties in
There are special appraisal problems involved in a home in foreclosure or one that has reverted to the institution's holding.
For a home in foreclosure, you may need to understand the gap between the fair market worth and "quick disposition" value to know your potential charge-off liability. has the experience in both supplying snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your urgency.
has the expertise to handle the specific dynamics of a foreclosure appraisal. Contact for a company you can count on.
Special challenges can be present when dealing with owners of property in foreclosure. They could be uncooperative to allowing an inspection of the property. If they abandoned the property already, they might have overlooked the care of the home for some time - or unfortunately, caused damage to the home.
You'll be interested in a fast disposition if the house has already returned to REO. So you may want to know about and examine three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any work performed, with the repairs due to make the property marketable at full market value comparable with the other houses in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your timeline and the unique circumstances of a Real Estate Owned house, as well as the unique information you'll need -- competing listings, neighborhood trends, and the like. You can bank on to take on the task of your bank owned property professionally and efficiently. Contact us today.