E.Barbara Real Property Appraisals LLC is experienced when you need appraisals for foreclosures in SalemProperties that have gone back to the bank's ownership and properties in foreclosure create specific appraisal challenges. When dealing with a house in foreclosure, it's important to recognize the difference between fair market value and "quick disposition" price to know your probable charge-off liability. At E.Barbara Real Property Appraisals LLC, we have the background in both furnishing snapshots of fair market value for our mortgage lending and servicing clients, in addition to "quick sale" forecasts that understand your urgency. We have the experience to deal with the specific dynamics of a foreclosure appraisal. Contact E.Barbara Real Property Appraisals LLC for a company you can trust. Occupants of properties in foreclosure may be disinclined to allow an inspection of the property, thus presenting special challenges. They could have moved out of the property already and/or neglected care of the house for quite some time - or unfortunately, vandalized the house. For real estate that has already reverted to bank owned, you typically will want it off your hands as quickly as possible . However, you might want to know about and compare three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any repairs done to it, with the repairs called for to make the house marketable at full market value consistent with the other properties in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your timeline and the unique situation of an REO house, in addition to the special information you will need -- competing listings, market trends, and the like. You can rely on E.Barbara Real Property Appraisals LLC to handle the appraisal of your REO with expertise and professionalism. Contact us today. |