Foreclosure and REO Appraisals in NW ArkansasThere are specific appraisal problems regarding a home in foreclosure or one that has returned to the lender's control. When there is a home in foreclosure, it's important to know the difference between fair market value and "quick disposition" value to know your probable charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into account your time line. The professionals at Home Site Valuation have the qualifications to work with the particular dynamics of a foreclosure appraisal. Contact Home Site Valuation for a company you can count on. Owners of properties in foreclosure, of course, can present special challenges. They could be disinclined to allow an inspection of the property. They might have left the home already and/or neglected care of the home for a long time - or gone as far as caused damage to the house. For real estate that has already gone back to REO, you typically will want to get rid of it quickly . However, you might want to understand and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any repairs performed, with the work necessary to make the home marketable at full market value corresponding with the other homes in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your time line and the special circumstances of a bank owned house, in addition to the specific data you will need -- competing listings, neighborhood trends, and the like. You can bank on Home Site Valuation to handle the task of your REO with expertise and professionalism. Contact us today. |