Foreclosure and Real Estate Owned Appraisals in Howard County
There are particular appraisal difficulties involved in a property in foreclosure or one that has gone back to the financial institution's holding.
It's vital to understand the difference between fair market value and "quick disposition" value to know your possible charge-off liability when dealing with a house in foreclosure. Astute Appraisals, Inc. has the background in both furnishing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into consideration your urgency.
We have the experience to deal with the special dynamics of a foreclosure appraisal. For a company you can trust, contact Astute Appraisals, Inc..
Occupants of homes in foreclosure might be opposed to allowing an inspection of the house, thus presenting unique challenges. If they moved out of the home already, they might have not taken care of the property for quite some time - or even worse, damaged the property.
For a home that has already reverted to Real Estate Owned, you most likely will be seeking a quick resolution . But you may want to know about and examine three values: as-is, as repaired, and "quick sale." These represent the value of the home without any work performed, with the repairs necessary to make the house marketable at full market value commensurate with similar houses in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely to someone who'd rather finish the job themselves. Again, we understand your urgency and the special circumstances of a Real Estate Owned property, in addition to the special data you will need -- competing listings, neighborhood trends, and the like. You can bank on Astute Appraisals, Inc. to take on the task of your bank owned property professionally and efficiently. Contact us today.