REO and Foreclosure Appraisals in County
Real Estate in foreclosure and houses that have reverted to the lender's ownership create particular appraisal difficulties.
When there is a home in foreclosure, it's important to recognize the difference between fair market worth and "quick disposition" value to know your likely charge-off liability. We can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your time constraints.
Barnstable/Plymouth Appraisal Services has the qualifications to work with the particular dynamics of a foreclosure appraisal. Contact Barnstable/Plymouth Appraisal Services for a company you can count on.
Occupants of in foreclosure may be unwilling to allow an inspection of the property, thus presenting particular challenges. They could have left the home already and/or overlooked the care of the property for some time - or gone as far as vandalized the home.
For a property that has reverted to REO, you probably will be seeking a fast disposition . However, you might want to know about and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any repairs done to it, with the work called for to make the house marketable at full market value consistent with the other homes in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your timeline and the specific circumstances of a Real Estate Owned house, in addition to the specific data you'll need -- competing listings, market trends, and so forth. You can count on Barnstable/Plymouth Appraisal Services to handle the appraisal of your REO professionally and efficiently. Contact us today.