Accuracy Matters Appraisals is a company you can trust when you need appraisals for bank owned properties in Rio Grande
Houses in foreclosure and homes that have reverted to the financial institution's holding bring forth specific appraisal problems.
When there is a property in foreclosure, you should ascertain the difference between fair market price and "quick disposition" value to analyze your potential charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time constraints.
You need a company who has the qualifications to work with the unique dynamics of a foreclosure appraisal. For a company you can count on, contact Accuracy Matters Appraisals.
Specific challenges might be present when dealing with owners of houses in foreclosure. They may be opposed to allowing an inspection of the property. They could have deserted the property already and/or ignored the care of the property for awhile - or gone as far as intentionally harmed the house.
You will be interested in a speedy disposition if the house has changed to bank owned. So you need to know about and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any repairs done to it, with the work due to make the house marketable at full market value commensurate with the other houses in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your timeline and the unique circumstances of an REO home, in addition to the specific data you will need -- competing listings, neighborhood trends, and so forth. You can rely on Accuracy Matters Appraisals to take on the task of your bank owned property with expertise and professionalism. Contact us today.