REO and Foreclosure AppraisalHouses that have gone back to the institution's possession and properties in foreclosure bring forth specific appraisal challenges. For a house in foreclosure, you need to know the gap between the fair market price and "quick disposition" to know your possible charge-off liability. At Kelli Hand Appraisal Company, LLC, we have the experience in both producing snapshots of fair market value for our mortgage clients, as well as "quick sale" forecasts that understand your time line. You need a company who has the expertise to deal with the particular dynamics of a foreclosure appraisal. Contact Kelli Hand Appraisal Company, LLC for a company you can rely on. Owners of houses in foreclosure, of course, can present specific challenges. They might be uncooperative to allowing an inspection of the house. They could have deserted the home already and/or neglected care of the house for a long time - or unfortunately, ransacked the house. For real estate that has changed to REO, you most likely will be seeking an expeditious disposition . But you may want to understand and examine three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any work done to it, with the repairs needed to make the home marketable at full market value appropriate with similar homes in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your timeline and the specific situation of a Real Estate Owned home, as well as the specific data you'll need -- competing listings, market trends, and so forth. You can count on Kelli Hand Appraisal Company, LLC to take on the task of your REO professionally and efficiently. Contact us today. |