Foreclosure Appraisals in Howard County
Properties in foreclosure and properties that have reverted to the lender's ownership present various appraisal challenges.
It's key to understand the difference between fair market value and "quick disposition" value to analyze your likely charge-off liability when dealing with a property in foreclosure. At Astute Appraisals, Inc., we have the experience in both supplying snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time line.
You need a company who has the experience to deal with the specific dynamics of a foreclosure appraisal. Contact Astute Appraisals, Inc. for a company you can rely on.
Special challenges may be present when working with owners of homes in foreclosure. They may be uncooperative to allowing an inspection of the home. If they left the property already, they could have not taken care of the property for awhile - or worse, caused damage to the house.
For real estate that has returned to Real Estate Owned, you typically will want to get rid of it quickly . However, you might want to know about and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any work done to it, with the work necessary to make the property marketable at full market value comparable with competing homes in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your urgency and the special circumstances of an REO home, in addition to the unique data you will 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.