Foreclosure Appraisal in Howard CountyHouses that have returned to the bank's control and homes in foreclosure bring forth various appraisal challenges. For a house in foreclosure, you may need to recognize the difference between fair market price and "quick disposition" worth to know your possible charge-off liability. At Astute Appraisals, Inc., we have the knowledge in both providing snapshots of fair market value for our mortgage clients, in addition to "quick sale" forecasts that understand your time constraints. You need a company who has the qualifications to work with the specific dynamics of a foreclosure appraisal. Contact Astute Appraisals, Inc. for a company you can count on. Specific challenges might be present when dealing with owners of properties in foreclosure. They could be uncooperative to allowing an inspection of the house. If they abandoned the property already, they might have neglected care of the home for awhile - or even worse, damaged the home. If your house has changed to bank owned, you will interested in a fast disposition. However, you may want to understand and examine three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any work performed, with the work necessary to make the property marketable at full market value comparable with similar homes in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably to someone who'd rather finish the job themselves. Again, we understand your time line and the specific situation of a bank owned house, as well as the specific information you'll need -- competing listings, neighborhood trends, and the like. You can rely on Astute Appraisals, Inc. to handle the appraisal of your REO professionally and efficiently. Contact us today. |