Accredited Appraisals is experienced when it comes to foreclosures in CookHomes in foreclosure and houses that have gone back to the financial institution's holding present specific appraisal challenges. It's vital to differentiate the difference between fair market worth and "quick disposition" value to evaluate your likely write-down liability when dealing with a property in foreclosure. At Accredited Appraisals, we have the knowledge in both providing snapshots of fair market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that understand your time line. You need a company who has the experience to work with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Accredited Appraisals. Owners of in foreclosure might be uncooperative to allowing an inspection of the home, thus presenting unique challenges. They could have left the home already and/or neglected care of the house for some time - or worse, caused damage to the house. For a house that has already gone back to Real Estate Owned, you typically will want to get rid of it quickly . But you might want to understand and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any work performed, with the work required to make the house marketable at full market value appropriate with competing homes in the area, and, somewhere in the middle, with minor 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 home, in addition to the special information you'll need -- competing listings, neighborhood trends, and so forth. You can bank on Accredited Appraisals to take on the task of your REO with expertise and professionalism. Contact us today. |