Foreclosure Appraisal in Montgomery CountyReal Estate in foreclosure and properties that have returned to the bank's ownership bring forth unique appraisal problems. For a house in foreclosure, you might need to recognize the gap between fair market value and "quick disposition" price to know your possible 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 account your time line. You need a company with the experience to work with the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact EClark Group Appraisals, Inc.. Owners of houses in foreclosure may be unwilling to allow an inspection of the property, thus presenting particular challenges. They may have moved out of the property already and/or ignored the care of the house for quite some time - or worse, ransacked the property. You will be interested in an expeditious disposition if the property has reverted to bank owned. So you may want to understand and examine three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any repairs done to it, with the repairs called for to make the property marketable at full market value appropriate with the other real estate in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your time line and the special situation of a bank owned home, in addition to the specific data you will need -- competing listings, market trends, and the like. You can bank on EClark Group Appraisals, Inc. to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today. |