Real Estate Owned and Foreclosure Appraisals in Rio Grande County
Houses that have gone back to the financial institution's holding and properties in foreclosure present specific appraisal problems.
You need to understand the difference between fair market price and "quick disposition" worth to analyze your likely write-down liability when dealing with a property in foreclosure. Accuracy Matters Appraisals has the background in both presenting snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your urgency.
Accuracy Matters Appraisals has the experience to handle the particular dynamics of a foreclosure appraisal. Contact Accuracy Matters Appraisals for a company you can trust.
Owners of houses in foreclosure might be uncooperative to allowing an inspection of the property, thus presenting special challenges. If they have abandoned the house already, they may have not taken care of the home for quite awhile - or worse, damaged the house.
If your house has returned to REO, you will interested in a fast disposition. However, you may want to understand and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any work performed, with the work necessary to make the house marketable at full market value comparable with similar properties in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your timeline and the specific circumstances of a Real Estate Owned home, as well as the unique information you'll need -- competing listings, market trends, and the like. You can count on Accuracy Matters Appraisals to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.