Home Appraisal Services is experienced when it comes to foreclosures in HudsonHomes that have reverted to the institution's possession and properties in foreclosure bring forth specific appraisal problems. It's key to differentiate the difference between fair market value and "quick disposition" value to analyze your likely charge-off liability when dealing with a home in foreclosure. Home Appraisal Services has the knowledge in both producing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into consideration your time line. Home Appraisal Services has the training to handle the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Home Appraisal Services. Owners of property in foreclosure, of course, can present particular challenges. They might be disinclined to allow an inspection of the home. Often the homes show signs of vandalism, unfortunately by the residents. Or, it's likely you'll discover the residents have moved out or the home neglected for extended periods of time. You'll be interested in a speedy disposition if the home has already reverted to Real Estate Owned. So you need to know about and compare three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any repairs done to it, with the repairs necessary to make the property marketable at full market value consistent with the other properties in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely to someone who'd prefer to finish the job themselves. Again, we understand your urgency and the special circumstances of a bank owned property, in addition to the special data you will need -- competing listings, market trends, and so forth. You can count on Home Appraisal Services to handle the task of your bank owned property with expertise and professionalism. Contact us today. |