Real Estate Owned Appraisals in Queens CountyHomes in foreclosure and houses that have returned to the financial institution's ownership create particular appraisal problems. When there is a property in foreclosure, it's important to recognize the difference between fair market worth and "quick disposition" price to know your probable charge-off liability. Expose Value Appraisals has the training in both providing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your time line. You need a company who has the qualifications to work with the specific dynamics of a foreclosure appraisal. Contact Expose Value Appraisals for a company you can trust. Specific challenges can be present when dealing with owners of homes in foreclosure. They might be disinclined to allow an inspection of the home. They could have moved out of the house already and/or ignored the care of the home for a long time - or gone as far as damaged the house. If your property has reverted to REO, you will interested in a quick disposition. However, you might want to understand and analyze three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any repairs performed, with the repairs needed to make the home marketable at full market value consistent with the other houses in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your timeline and the specific situation of an REO home, as well as the special information you will need -- competing listings, market trends, and the like. You can rely on Expose Value Appraisals to handle the task of your bank owned property with expertise and professionalism. Contact us today. |