Foreclosure and Real Estate Owned Appraisal in Webster County
There are various appraisal challenges when we're talking about a property in foreclosure or one that has reverted to the institution's holding.
For a house in foreclosure, you need to recognize the gap between fair market and "quick disposition" value to know your potential charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your urgency.
You need a company with the experience to deal with the specific dynamics of a foreclosure appraisal. Contact D&D Appraisals, LLC. for a company you can count on.
Occupants of houses in foreclosure might be unwilling to allow an inspection of the house, thus presenting unique challenges. If they have abandoned the home already, they might have neglected care of the house for some time - or worse, ransacked the home.
For a home that has already changed to Real Estate Owned, you likewise will be going for a speedy disposition . However, you may want to know about and compare three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any repairs done to it, with the repairs required to make the property marketable at full market value appropriate with competing houses in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your time line and the special circumstances of a Real Estate Owned property, in addition to the specific data you will need -- competing listings, market trends, and the like. You can bank on D&D Appraisals, LLC. to handle the appraisal of your REO professionally and efficiently. Contact us today.