Accuracy Matters Appraisals is a company you can trust when it comes to bank owned properties in Rio Grande
Real Estate in foreclosure and homes that have reverted to the bank's control present special appraisal challenges.
You need to know the difference between fair market price and "quick disposition" price to analyze your possible charge-off liability when dealing with a house in foreclosure. Accuracy Matters Appraisals has the training in both producing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your timeline.
We have the experience to deal with the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact Accuracy Matters Appraisals.
Owners of properties in foreclosure, of course, can present special challenges. They may be opposed to allowing an inspection of the house. Often the houses have been vandalized, unfortunately at the hands of the former residents themselves. Or, it's common to discover the residents have moved out or the home neglected for extended periods of time.
If your home has changed to Real Estate Owned, you will interested in a quick disposition. But you may want to know about and examine three values: as-is, as repaired, and "quick sale." These represent the value of the property without any repairs done to it, with the work required to make the home marketable at full market value comparable with competing houses in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your timeline and the specific circumstances of a bank owned house, as well as the unique information you'll need -- competing listings, neighborhood trends, and so forth. You can count on Accuracy Matters Appraisals to take on the appraisal of your REO professionally and efficiently. Contact us today.