Foreclosure Appraisal in Polk County
Homes that have gone back to the financial institution's possession and houses in foreclosure create specific appraisal problems.
You should ascertain the difference between fair market value and "quick disposition" worth to know what losses you stand to realize when dealing with a home in foreclosure. ASAP Appraisal Group has the background in both furnishing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into consideration your urgency.
We have the expertise to deal with the special dynamics of a foreclosure appraisal. Contact ASAP Appraisal Group for a company you can count on.
Unique challenges might be present when working with owners of property in foreclosure. They may be uncooperative to allowing an inspection of the home. They could have moved out of the home already and/or neglected care of the property for awhile - or gone as far as damaged the property.
If your property has already returned to REO, you will interested in an expeditious disposition. But you might want to know about and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any repairs performed, with the repairs necessary to make the property marketable at full market value comparable with the other houses in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your time line and the special circumstances of a bank owned house, as well as the unique data you'll need -- competing listings, market trends, and so forth. You can rely on ASAP Appraisal Group to handle the task of your REO with expertise and professionalism. Contact us today.