REO and Foreclosure Appraisal in County
Homes that have reverted to the financial institution's ownership and homes in foreclosure bring forth various appraisal difficulties.
When dealing with a home in foreclosure, it's important to ascertain the difference between fair market worth and "quick disposition" worth to evaluate your possible charge-off liability. The professionals at Canadian National Appraisers can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your time line.
You need a company who has the experience to handle the specific dynamics of a foreclosure appraisal. Contact Canadian National Appraisers for a company you can count on.
Unique challenges can be present when working with owners of property in foreclosure. They could be unwilling to allow an inspection of the house. Often the homes have been ransacked, unfortunately at the hands of the residents themselves. Or, it's common to find nobody has lived in house for months or the home neglected for extended periods of time.
If your house has changed to bank owned, you will interested in an expeditious disposition. But you might want to know and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any repairs done to it, with the work needed to make the home marketable at full market value commensurate with the other real estate in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your time line and the special circumstances of an REO home, as well as the specific information you'll need -- competing listings, neighborhood trends, and so forth. You can bank on Canadian National Appraisers to take on the task of your REO professionally and efficiently. Contact us today.