Foreclosure Appraisal in Montgomery CountyThere are specific appraisal challenges involved in a home in foreclosure or one that has gone back to the lender's possession.You should differentiate the difference between fair market value and "quick disposition" value to evaluate your potential charge-off liability when dealing with a property in foreclosure. At Signature Appraisals, Inc., we have the knowledge in both supplying snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your time line.
Owners of properties in foreclosure, naturally, can present special challenges: They may be uncooperative when it comes to allowing the appraiser access to the house. If they deserted the house already, they may have ignored the care of the property for some time - or worse, caused damage to the home. If your house has already changed to REO, you will interested in an expeditious disposition. However, you might want to know about and compare three values: as-is, as repaired, and "quick sale". These correspond to: the value of the house without any work performed, with the repairs called for to make the house marketable at full market value consistent with the other real estate in the neighborhood, and with minor investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your time line and the specific circumstances of a Real Estate Owned home, as well as the unique information you'll need - competing listings, market trends, and the like. You can count on Signature Appraisals, Inc. to handle the task of your REO professionally and efficiently. Contact us today. |