REO and Foreclosure Appraisals in Eagle CountyProperties in foreclosure and homes that have gone back to the lender's ownership bring forth unique appraisal difficulties. For a house in foreclosure, you might need to know the gap between fair market and "quick disposition" to know your potential charge-off liability. The professionals at The Appraisal Camp can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into account your time constraints. We have the training to work with the unique dynamics of a foreclosure appraisal. Contact The Appraisal Camp for a company you can rely on. Specific challenges might be present when working with owners of property in foreclosure. They could be disinclined to allow an inspection of the home. Sometimes the homes have been ransacked, unfortunately at the hands of the residents themselves. Or, it's likely you'll discover the families have moved out or the home languishing in disrepair for extended periods of time. For a house that has already returned to Real Estate Owned, you probably will be going for a speedy resolution . However, you may want to understand and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any repairs performed, with the repairs required to make the home marketable at full market value comparable with competing properties in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your urgency and the specific circumstances of an REO home, in addition to the specific data you'll need -- competing listings, neighborhood trends, and so forth. You can bank on The Appraisal Camp to take on the appraisal of your REO professionally and efficiently. Contact us today. |