Foreclosure and Real Estate Owned Appraisals in Montmorency CountyHouses that have gone back to the financial institution's holding and properties in foreclosure present unique appraisal problems. For a home in foreclosure, you might need to recognize the gap between fair market worth and "quick disposition" price to know your potential charge-off liability. Appraisal Link2 has the background in both producing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your timeline. You need a company who has the expertise to deal with the special dynamics of a foreclosure appraisal. For a company you can trust, contact Appraisal Link2. Owners of properties in foreclosure, of course, can present special challenges. They could be uncooperative to allowing an inspection of the property. If they left the home already, they might have not taken care of the home for quite some time - or unfortunately, damaged the house. You'll be interested in a speedy disposition if the home has already reverted to Real Estate Owned. So you need to understand and compare three values: as-is, as repaired, and "quick sale." These represent the value of the house without any work done to it, with the repairs called for to make the property marketable at full market value commensurate with competing properties in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your timeline and the special circumstances of a Real Estate Owned home, in addition to the special data you will need -- competing listings, market trends, and so forth. You can rely on Appraisal Link2 to handle the task of your bank owned property with expertise and professionalism. Contact us today. |