REO and Foreclosure Appraisals in Warren CountyHomes that have gone back to the bank's possession and houses in foreclosure bring forth special appraisal difficulties. When dealing with a property in foreclosure, you should ascertain the difference between fair market price and "quick disposition" value to analyze your potential charge-off liability. At Platinum Appraisal Co, we have the training in both presenting snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your time line. We have the qualifications to deal with the particular dynamics of a foreclosure appraisal. Contact Platinum Appraisal Co for a company you can trust. Specific challenges might be present when dealing with owners of property in foreclosure. They may be disinclined to allow an inspection of the home. Sometimes the properties have been vandalized, unfortunately by the former residents. Or, it's likely you'll discover the families have moved out or the home languishing in disrepair for long of time. If your home has already gone back to REO, you will interested in a quick disposition. However, you might want to understand and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any repairs performed, with the repairs called for to make the property marketable at full market value consistent with similar houses in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your urgency and the special situation of an REO home, in addition to the special data you will need -- competing listings, market trends, and the like. You can count on Platinum Appraisal Co to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today. |