Real Estate Owned and Foreclosure Appraisals in Wabash CountyThere are special appraisal difficulties for a property in foreclosure or one that has gone back to the financial institution's ownership. When there is a home in foreclosure, it's important to understand the difference between fair market worth and "quick disposition" worth to know your probable charge-off liability. At Lundquist Appraisals & Real Estate Services, we have the background in both supplying snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your time constraints. We have the experience to handle the special dynamics of a foreclosure appraisal. For a company you can count on, contact Lundquist Appraisals & Real Estate Services. Unique challenges might be present when dealing with owners of homes in foreclosure. They could be opposed to allowing an inspection of the house. They could have abandoned the property already and/or ignored the care of the house for some time - or in some cases ransacked the property. You'll be interested in an expedited disposition if the house has changed to Real Estate Owned. So you may want to know about and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any repairs performed, with the repairs needed to make the property marketable at full market value corresponding with competing homes in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your timeline and the unique situation of an REO house, as well as the specific information you will need -- competing listings, market trends, and the like. You can rely on Lundquist Appraisals & Real Estate Services to handle the appraisal of your REO with expertise and professionalism. Contact us today. |