Foreclosure and Real Estate Owned Appraisals in Polk County
Properties in foreclosure and houses that have gone back to the institution's control present specific appraisal challenges.
It's key to ascertain the difference between fair market value and "quick disposition" price to analyze what losses you might have to endure when dealing with a property in foreclosure. At ASAP Appraisal Group, we have the experience in both providing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your timeline.
You need a company with the qualifications to handle the specific dynamics of a foreclosure appraisal. For a company you can count on, contact ASAP Appraisal Group.
Unique challenges might be present when working with owners of homes in foreclosure. They might be unwilling to allow an inspection of the home. Sometimes the houses have been ransacked, often by the residents themselves. Or, it's common to discover a house at a minimum abandoned or the home neglected for long of time.
For a house that has returned to Real Estate Owned, you typically will want to get rid of it quickly . However, you might want to know about and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any work done to it, with the work due to make the home marketable at full market value corresponding with competing real estate in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your urgency and the unique situation of an REO home, in addition to the special information you will need -- competing listings, neighborhood trends, and the like. You can count on ASAP Appraisal Group to take on the task of your REO with expertise and professionalism. Contact us today.