REO Appraisal in Prince Georges CountyThere are various appraisal problems when we're talking about a property in foreclosure or one that has reverted to the lender's holding. For a home in foreclosure, you need to know the gap between fair market price and "quick disposition" to know your possible charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your urgency. You need a company who has the training to work with the specific dynamics of a foreclosure appraisal. For a company you can trust, contact Daily Appraisal. Owners of property in foreclosure, of course, can present specific challenges. They might be unwilling to allow an inspection of the property. If they left the property already, they might have overlooked the care of the home for quite some time - or even worse, ransacked the house. If your house has gone back to Real Estate Owned, you will interested in a fast disposition. However, you might want to understand and analyze three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any repairs performed, with the repairs necessary to make the home marketable at full market value comparable with the other real estate in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely to someone who'd prefer to finish the job themselves. Again, we understand your urgency and the specific circumstances of an REO home, in addition to the unique information you'll need -- competing listings, neighborhood trends, and the like. You can bank on Daily Appraisal to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today. |