REO Appraisal in Polk CountyThere are specific appraisal challenges for a property in foreclosure or one that has returned to the bank's ownership. For a property in foreclosure, you need to recognize the difference between the fair market price and "quick disposition" to know your likely charge-off liability. At ASAP Appraisal Group, we have the training in both producing snapshots of fair market value for our mortgage clients, in addition to "quick sale" forecasts that understand your time constraints. ASAP Appraisal Group has the training to handle the particular dynamics of a foreclosure appraisal. For a company you can count on, contact ASAP Appraisal Group. Particular challenges may be present when dealing with owners of homes in foreclosure. They may be disinclined to allow an inspection of the property. If they have abandoned the house already, they might have ignored the care of the home for some time - or worse, caused damage to the house. You will be interested in a quick disposition if the home has already changed to REO. So you may want to know and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any work done to it, with the repairs due to make the property marketable at full market value appropriate with the other 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 time line and the special situation of an REO home, as well as the specific data you will need -- competing listings, neighborhood trends, and so forth. You can bank on ASAP Appraisal Group to handle the appraisal of your bank owned property professionally and efficiently. Contact us today. |