REO and Foreclosure Appraisal in Howard County
Homes in foreclosure and properties that have reverted to the lender's holding present unique appraisal problems.
When there is a home in foreclosure, you need to know the difference between fair market worth and "quick disposition" price to analyze your likely charge-off liability. At Astute Appraisals, Inc., we have the background in both presenting snapshots of fair market value for our mortgage clients, as well as "quick sale" forecasts that understand your timeline.
The professionals at Astute Appraisals, Inc. have the expertise to deal with the special dynamics of a foreclosure appraisal. Contact Astute Appraisals, Inc. for a company you can count on.
Special challenges may be present when working with owners of property in foreclosure. They might be unwilling to allow an inspection of the property. Sometimes the properties have been intentionally damaged, often by the former residents themselves. Or, it's likely you'll discover the families have moved out or the home neglected for long of time.
If your home has reverted to Real Estate Owned, you will interested in a speedy disposition. However, you may want to understand and compare three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any work performed, with the work due to make the house marketable at full market value appropriate with the other properties in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your timeline and the specific situation of a Real Estate Owned house, in addition to the unique data you will need -- competing listings, neighborhood trends, and the like. You can bank on Astute Appraisals, Inc. to handle the task of your REO with expertise and professionalism. Contact us today.