REO Appraisal in Howard County
There are unique appraisal difficulties involved in a house in foreclosure or one that has gone back to the financial institution's control.
When there is a house in foreclosure, it's important to understand the difference between fair market price and "quick disposition" worth to know your possible charge-off liability. Astute Appraisals, Inc. has the knowledge in both furnishing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your urgency.
You need a company who has the experience to work with the unique dynamics of a foreclosure appraisal. Contact Astute Appraisals, Inc. for a company you can trust.
Particular challenges may be present when dealing with owners of homes in foreclosure. They may be opposed to allowing an inspection of the home. They may have moved out of the house already and/or overlooked the care of the property for awhile - or worse, caused damage to the house.
If your house has returned to bank owned, you will interested in an expedited disposition. But you might want to understand and review three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any work done to it, with the work necessary to make the house marketable at full market value consistent with similar real estate in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your time line and the unique circumstances of a bank owned house, as well as the special data you'll need -- competing listings, neighborhood trends, and the like. You can bank on Astute Appraisals, Inc. to handle the appraisal of your REO professionally and efficiently. Contact us today.