Foreclosure and REO Appraisal in Wayne CountyThere are unique appraisal difficulties when we're talking about a home in foreclosure or one that has gone back to the institution's ownership. For a home in foreclosure, you may need to know the difference between the fair market worth and "quick disposition" worth to know your probable charge-off liability. At Tri-County Appraisal Group, Inc., we have the experience in both presenting snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your timeline. The professionals at Tri-County Appraisal Group, Inc. have the expertise to work with the particular dynamics of a foreclosure appraisal. For a company you can trust, contact Tri-County Appraisal Group, Inc.. Specific challenges can be present when working with owners of homes in foreclosure. They may be uncooperative to allowing an inspection of the house. Sometimes the subjects have been intentionally damaged, unfortunately at the hands of the former residents. Or, it's likely you'll discover a house at a minimum abandoned or the home neglected for extended periods of time. For a home that has already gone back to bank owned, you likewise will be seeking a fast resolution . But you might want to understand and review three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any work performed, with the work due to make the home marketable at full market value comparable with the other real estate in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely to someone who'd prefer to finish the job themselves. Again, we understand your urgency and the specific situation of a bank owned house, as well as the special information you will need -- competing listings, market trends, and so forth. You can count on Tri-County Appraisal Group, Inc. to take on the appraisal of your bank owned property professionally and efficiently. Contact us today. |