REO and Foreclosure Appraisals in Howard County
Homes that have returned to the financial institution's holding and houses in foreclosure bring forth special appraisal difficulties.
For a house in foreclosure, you may need to understand the difference between the fair market worth and "quick disposition" value 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 respect your time constraints.
Astute Appraisals, Inc. has the training to work with the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact Astute Appraisals, Inc..
Special challenges may be present when dealing with owners of homes in foreclosure. They might be disinclined to allow an inspection of the property. If they left the property already, they may have overlooked the care of the house for quite awhile - or even worse, ransacked the home.
You will be interested in a fast disposition if the house has already reverted to REO. So you may want to know about and examine three values: as-is, as repaired, and "quick sale." These represent the value of the home without any repairs performed, with the repairs due to make the house marketable at full market value consistent 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 urgency and the specific situation of an REO house, in addition to the unique information you will need -- competing listings, market trends, and the like. You can rely on Astute Appraisals, Inc. to handle the task of your REO professionally and efficiently. Contact us today.