Foreclosure and REO Appraisal in Montour CountyThere are specific appraisal problems when we're talking about a property in foreclosure or one that has returned to the bank's ownership. For a house in foreclosure, you should understand the gap between fair market value and "quick disposition" value to know your likely charge-off liability. The professionals at Chase Tobias can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into account your timeline. We have the training to handle the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact Chase Tobias. Owners of houses in foreclosure, of course, can present unique challenges. They could be uncooperative to allowing an inspection of the home. If they have abandoned the home already, they may have not taken care of the property for some time - or worse, ransacked the house. If your house has reverted to REO, you will interested in an expedited disposition. However, you may want to know and review three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any work done to it, with the work due to make the house marketable at full market value consistent with similar real estate in the area, 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 unique circumstances of a Real Estate Owned property, in addition to the specific data you'll need -- competing listings, neighborhood trends, and so forth. You can count on Chase Tobias to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today. |