REO Appraisals in Rio Grande County
Homes in foreclosure and properties that have reverted to the financial institution's ownership create particular appraisal difficulties.
For a home in foreclosure, you might need to understand the gap between the fair market worth and "quick disposition" price to know your potential charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your time line.
You need a company who has the qualifications to deal with the unique dynamics of a foreclosure appraisal. Contact Accuracy Matters Appraisals for a company you can count on.
Special challenges may be present when working with owners of property in foreclosure. They might be opposed to allowing an inspection of the house. Often the properties have been intentionally damaged, often by the residents themselves. Or, it's common to discover a house at a minimum abandoned or the home neglected for long of time.
For real estate that has already reverted to bank owned, you likewise will be interested in a quick resolution . However, you may want to know and analyze three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any work done to it, with the work due to make the home marketable at full market value comparable with competing properties in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely to someone who'd prefer to finish the job themselves. Again, we understand your time line and the specific situation of a Real Estate Owned house, as well as the special data you'll need -- competing listings, market trends, and the like. You can count on Accuracy Matters Appraisals to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.