Real Estate Owned and Foreclosure Appraisals in Dane CountyThere are specific appraisal difficulties for a home in foreclosure or one that has returned to the lender's holding. When dealing with a property in foreclosure, it's important to differentiate the difference between fair market price and "quick disposition" value to evaluate your potential charge-off liability. The professionals at Smith Appraisal Services can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your urgency. The professionals at Smith Appraisal Services have the experience to work with the particular dynamics of a foreclosure appraisal. Contact Smith Appraisal Services for a company you can rely on. Specific challenges may be present when dealing with owners of property in foreclosure. They could be disinclined to allow an inspection of the home. They could have left the property already and/or ignored the care of the house for awhile - or gone as far as intentionally harmed the house. If your home has already gone back to Real Estate Owned, you will interested in a speedy disposition. However, you might want to understand and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any repairs done to it, with the work due to make the home marketable at full market value commensurate with the other homes in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your urgency and the specific situation of an REO house, in addition to the special information you will need -- competing listings, market trends, and so forth. You can count on Smith Appraisal Services to take on the task of your bank owned property with expertise and professionalism. Contact us today. |