REO and Foreclosure Appraisals
Real Estate in foreclosure and properties that have returned to the institution's possession bring forth various appraisal difficulties.
For a property in foreclosure, you should know the difference between the fair market worth and "quick disposition" price to know your possible charge-off liability. At CAA Real Property Services, we have the experience in both producing snapshots of fair market value for our mortgage clients, in addition to "quick sale" forecasts that understand your time line.
You need a company who has the expertise to handle the particular dynamics of a foreclosure appraisal. Contact CAA Real Property Services for a company you can trust.
Unique challenges can be present when dealing with owners of houses in foreclosure. They could be disinclined to allow an inspection of the house. If they deserted the property already, they might have overlooked the care of the property for quite awhile or unfortunately, caused damage to the home.
For a property that has already reverted to bank owned, you likewise will be going for a quick disposition . But you might want to know and review three values: as-is, as repaired, and "quick sale." These represent the value of the home without any repairs done to it, with the work called for to make the house marketable at full market value corresponding with the other houses in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely to someone who'd rather finish the job themselves. Again, we understand your timeline and the specific circumstances of an REO (Real Estate Owned) home, in addition to the special information you'll need -- competing listings, market trends, and so forth. You can bank on CAA Real Property Services to handle the task of your bank owned property with expertise and professionalism. Contact us today.