Preferred Appraisers, Inc. is experienced when it comes to bank owned properties in SewellHomes that have reverted to the institution's control and properties in foreclosure create unique appraisal difficulties. For a home in foreclosure, you need to recognize the difference between fair market worth and "quick disposition" value to know your potential charge-off liability. The professionals at Preferred Appraisers, Inc. can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your urgency. The professionals at Preferred Appraisers, Inc. have the training to work with the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Preferred Appraisers, Inc.. Special challenges can be present when dealing with owners of properties in foreclosure. They may be unwilling to allow an inspection of the property. Often the properties show signs of vandalism, often at the hands of the former residents themselves. Or, it's likely you'll discover a house at least abandoned or the home languishing in disrepair for extended periods of time. You will be interested in a quick disposition if the home has already gone back to bank owned. So you may want to know about and examine three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any work performed, with the work due to make the house marketable at full market value appropriate with competing real estate in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, seemingly to someone inclined to finish the job themselves. Again, we understand your timeline and the unique situation of an REO home, in addition to the special information you'll need -- competing listings, market trends, and the like. You can bank on Preferred Appraisers, Inc. to handle the appraisal of your bank owned property professionally and efficiently. Contact us today. |