Real Estate Owned Appraisal in Salem CountyThere are particular appraisal challenges for a home in foreclosure or one that has returned to the lender's holding. For a house in foreclosure, you might need to know the gap between the fair market price and "quick disposition" worth to know your potential charge-off liability. The professionals at E.Barbara Real Property Appraisals LLC can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your timeline. We have the expertise to work with the particular dynamics of a foreclosure appraisal. For a company you can trust, contact E.Barbara Real Property Appraisals LLC. Unique challenges may be present when working with owners of properties in foreclosure. They may be unwilling to allow an inspection of the property. Sometimes the homes have been vandalized, unfortunately at the hands of the residents themselves. Or, it's likely you'll find a house at least abandoned or the home neglected for extended periods of time. You will be interested in a fast disposition if the house has already changed to Real Estate Owned. So you might want to know and analyze three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any repairs performed, with the work required to make the property marketable at full market value corresponding with the other real estate in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your timeline and the unique situation of an REO property, in addition to the unique data you'll need -- competing listings, market trends, and the like. You can bank on E.Barbara Real Property Appraisals LLC to take on the appraisal of your bank owned property professionally and efficiently. Contact us today. |