Real Estate Owned and Foreclosure Appraisals in Canadian CountyThere are particular appraisal problems for a property in foreclosure or one that has returned to the lender's ownership. When dealing with a house in foreclosure, you should differentiate the difference between fair market value and "quick disposition" price to know your possible charge-off liability. Spoon Appraisal Services has the background in both presenting snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into account your time constraints. The professionals at Spoon Appraisal Services have the training to work with the particular dynamics of a foreclosure appraisal. Contact Spoon Appraisal Services for a company you can count on. Owners of property in foreclosure, of course, can present particular challenges. They might be opposed to allowing an inspection of the property. If they left the house already, they could have not taken care of the home for quite awhile - or unfortunately, caused damage to the home. You'll be interested in a speedy disposition if the property has already reverted to bank owned. So you may want to understand and examine three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any work performed, with the work needed to make the house marketable at full market value comparable with competing houses in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your urgency and the specific situation of an REO property, as well as the special data you'll need -- competing listings, neighborhood trends, and the like. You can rely on Spoon Appraisal Services to handle the task of your REO with expertise and professionalism. Contact us today. |