Foreclosure Appraisal in Howard County
Houses in foreclosure and houses that have gone back to the financial institution's possession create special appraisal problems.
It's important to recognize the difference between fair market worth and "quick disposition" price to know your possible charge-off liability when dealing with a home in foreclosure. At Astute Appraisals, Inc., we have the experience in both supplying snapshots of fair market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that understand your timeline.
We have the experience to handle the specific dynamics of a foreclosure appraisal. Contact Astute Appraisals, Inc. for a company you can rely on.
Owners of houses in foreclosure may be opposed to allowing an inspection of the house, thus presenting specific challenges. They could have left the property already and/or overlooked the care of the property for awhile - or in some cases damaged the home.
If your property has already gone back to REO, you will interested in an expedited disposition. But you might want to know about and compare three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any work done to it, with the repairs needed to make the home marketable at full market value appropriate with competing properties in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your urgency and the specific situation of an REO home, in addition to the unique data you'll need -- competing listings, market trends, and the like. You can bank on Astute Appraisals, Inc. to take on the task of your REO professionally and efficiently. Contact us today.