Astute Appraisals, Inc. is experienced when it comes to bank owned properties in Howard
There are particular appraisal problems when we're talking about a property in foreclosure or one that has reverted to the bank's holding.
For a house in foreclosure, you may need to recognize the gap between fair market and "quick disposition" price to know your probable charge-off liability. The professionals at Astute Appraisals, Inc. can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that take into account your timeline.
The professionals at Astute Appraisals, Inc. have the expertise to handle the unique dynamics of a foreclosure appraisal. Contact Astute Appraisals, Inc. for a company you can count on.
Owners of property in foreclosure, of course, can present particular challenges. They might be uncooperative to allowing an inspection of the home. If they abandoned the home already, they could have ignored the care of the home for quite some time - or worse, caused damage to the house.
If your house has changed to REO, you will interested in an expedited disposition. However, you might want to understand and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any work performed, with the work necessary to make the house marketable at full market value comparable with the other houses in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your timeline and the specific circumstances of a Real Estate Owned home, as well as the specific information you'll need -- competing listings, market trends, and so forth. You can bank on Astute Appraisals, Inc. to take on the task of your bank owned property professionally and efficiently. Contact us today.