Foreclosure and REO Appraisals in Howard County
There are various appraisal problems regarding a home in foreclosure or one that has returned to the bank's ownership.
You should understand the difference between fair market worth and "quick disposition" price to evaluate what losses you might have to endure when dealing with a house in foreclosure. At Astute Appraisals, Inc., we have the background in both furnishing snapshots of fair market value for our mortgage clients, as well as "quick sale" forecasts that understand your urgency.
Astute Appraisals, Inc. has the expertise to handle the particular dynamics of a foreclosure appraisal. Contact Astute Appraisals, Inc. for a company you can count on.
Owners of property in foreclosure could be uncooperative to allowing an inspection of the property, thus presenting specific challenges. If they abandoned the property already, they may have neglected care of the property for a long time - or unfortunately, ransacked the house.
If your home has already returned to Real Estate Owned, you will interested in a fast disposition. However, you may want to know about and examine three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any repairs performed, with the work necessary to make the home marketable at full market value corresponding with similar houses in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your timeline and the unique circumstances of an REO house, as well as the special data you'll need -- competing listings, market trends, and the like. You can bank on Astute Appraisals, Inc. to handle the task of your REO professionally and efficiently. Contact us today.