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REO Appraisals in Wyandot County
Homes that have gone back to the institution's possession and homes in foreclosure present special appraisal challenges.
You should know the meanings of "market value" and a "quick disposition" price to evaluate your potential charge-off liability when dealing with a property in foreclosure.
We can provide both snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your pressing needs.
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Feasel Appraisal has the training to work with the particular dynamics of a foreclosure appraisal. Contact Feasel Appraisal for a company you can . |
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Owners of properties in foreclosure can present particular challenges: They could be opposed to allowing an inspection of the house.
If they abandoned the property already, they may have neglected care of the home for a long time - or worse, ransacked the property.
If you're dealing with property that has already returned to bank owned, you will interested in a quick disposition. But you might want to know and review three values: as-is, as repaired, and "quick sale". These represent: - The value of the home without any repairs performed
- Value with the repairs needed to make the property marketable at full market value - consistent with similar homes in the neighborhood
- Somewhere in the middle, with minimal investment in repairs - to sell the property quickly, probably as a "fixer-upper"
Again, we understand your time line and the specific situation of an REO property, in addition to the unique information you'll need - competing listings, market trends, and so forth. You can rely on Feasel Appraisal to take on the task of your bank owned property with expertise and professionalism. Contact us today.
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