Lundquist Appraisals & Real Estate Services is a company you can trust when you need appraisals for bank owned properties in WabashHomes in foreclosure and properties that have reverted to the institution's control present special appraisal challenges. For a house in foreclosure, you may need to know the difference between the fair market worth and "quick disposition" to know your probable charge-off liability. The professionals at Lundquist Appraisals & Real Estate Services can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that take into account your time constraints. You need a company who has the training to deal with the particular dynamics of a foreclosure appraisal. For a company you can count on, contact Lundquist Appraisals & Real Estate Services. Special challenges may be present when dealing with owners of properties in foreclosure. They may be disinclined to allow an inspection of the home. Sometimes the homes have been intentionally damaged, often at the hands of the former residents. Or, it's likely you'll find the residents have moved out or the home neglected for extended periods of time. You'll be interested in a speedy disposition if the property has gone back to REO. So you need to understand and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the property without any repairs performed, with the work needed to make the home marketable at full market value commensurate with the other homes in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely to someone who'd prefer to finish the job themselves. Again, we understand your time line and the unique situation of a bank owned house, as well as the unique data you'll need -- competing listings, neighborhood trends, and the like. You can count on Lundquist Appraisals & Real Estate Services to take on the task of your bank owned property professionally and efficiently. Contact us today. |