REO Appraisals in Rio Grande County
Properties in foreclosure and houses that have returned to the lender's holding present unique appraisal problems.
For a home in foreclosure, you should recognize the difference between fair market price and "quick disposition" worth to know your probable charge-off liability. The professionals at Accuracy Matters Appraisals can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time line.
The professionals at Accuracy Matters Appraisals have the qualifications to work with the specific dynamics of a foreclosure appraisal. For a company you can trust, contact Accuracy Matters Appraisals.
Owners of dwellings in foreclosure might be disinclined to allow an inspection of the home, thus presenting special challenges. They may have moved out of the property already and/or ignored the care of the property for some time - or in some cases intentionally harmed the property.
For a house that has already changed to REO, you most likely will want to get rid of it quickly . But you might want to understand and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any repairs done to it, with the work due to make the property marketable at full market value commensurate with the other homes in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your time line and the unique circumstances of a bank owned property, as well as the special information you will need -- competing listings, neighborhood trends, and so forth. You can count on Accuracy Matters Appraisals to take on the appraisal of your REO with expertise and professionalism. Contact us today.