TBD Appraisal is experienced when it comes to bank owned properties in MarquetteHomes that have reverted to the institution's possession and properties in foreclosure create special appraisal challenges. For a house in foreclosure, you may need to understand the difference between fair market and "quick disposition" to know your possible charge-off liability. We can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your time constraints. We have the training to handle the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact TBD Appraisal. Owners of houses in foreclosure, of course, can present particular challenges. They may be disinclined to allow an inspection of the house. They might have deserted the home already and/or ignored the care of the home for quite some time - or unfortunately, vandalized the house. You'll be interested in a speedy disposition if the property has already gone back to REO. So you might want to understand and examine three values: as-is, as repaired, and "quick sale." These represent the value of the home without any repairs performed, with the repairs necessary to make the property marketable at full market value comparable with competing 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 time line and the special situation of a Real Estate Owned house, in addition to the specific information you'll need -- competing listings, market trends, and so forth. You can bank on TBD Appraisal to handle the appraisal of your REO professionally and efficiently. Contact us today. |