Real Estate Owned and Foreclosure Appraisal in Howard CountyProperties in foreclosure and houses that have gone back to the lender's control create unique appraisal challenges. It's vital to know the difference between fair market value and "quick disposition" worth to analyze your potential charge-off liability when dealing with a house in foreclosure. Astute Appraisals, Inc. has the knowledge in both providing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your timeline. You need a company who has the expertise to handle the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact Astute Appraisals, Inc.. Owners of homes in foreclosure, of course, can present unique challenges. They could be uncooperative to allowing an inspection of the house. If they moved out of the home already, they may have neglected care of the property for a long time - or worse, ransacked the home. You will be interested in a fast disposition if the house has already changed to Real Estate Owned. So you need to know and analyze three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any repairs performed, with the work called for to make the house marketable at full market value commensurate with competing properties in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your timeline and the special situation of a bank owned property, as well as the specific information you will need -- competing listings, market trends, and the like. You can rely on Astute Appraisals, Inc. to handle the task of your bank owned property with expertise and professionalism. Contact us today. |