REO Appraisal in Tuscola CountyProperties in foreclosure and properties that have returned to the bank's control create various appraisal challenges. For a house in foreclosure, you may need to know the difference between fair market value and "quick disposition" price to know your probable charge-off liability. We can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into consideration your time constraints. We have the qualifications to deal with the special dynamics of a foreclosure appraisal. Contact Coleman Appraisal Service for a company you can trust. Owners of property in foreclosure, of course, can present unique challenges. They may be opposed to allowing an inspection of the house. If they abandoned the home already, they might have ignored the care of the home for awhile - or worse, caused damage to the house. For a house that has already gone back to Real Estate Owned, you probably will want it off your hands as quickly as possible . However, you might want to understand and examine three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any work performed, with the work necessary to make the property marketable at full market value comparable with similar real estate in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your timeline and the unique circumstances of an REO house, as well as the unique information you'll need -- competing listings, market trends, and the like. You can rely on Coleman Appraisal Service to handle the task of your bank owned property with expertise and professionalism. Contact us today. |