REO Appraisals in Winnebago CountyThere are specific appraisal difficulties involved in a home in foreclosure or one that has returned to the institution's holding. When dealing with a home in foreclosure, you need to differentiate the difference between fair market price and "quick disposition" value to know your potential charge-off liability. At Appraisal Professionals, LLC , we have the experience in both presenting snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your timeline. You need a company who has the experience to deal with the unique dynamics of a foreclosure appraisal. For a company you can trust, contact Appraisal Professionals, LLC . Owners of properties in foreclosure, of course, can present unique challenges. They may be uncooperative to allowing an inspection of the house. If they have abandoned the property already, they might have neglected care of the home for quite awhile - or worse, caused damage to the home. You'll be interested in an expedited disposition if the property has changed to Real Estate Owned. So you need to know and examine 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 called for to make the property marketable at full market value comparable with similar homes in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your timeline and the special situation of an REO house, as well as the special data you'll need -- competing listings, neighborhood trends, and the like. You can bank on Appraisal Professionals, LLC to handle the task of your REO with expertise and professionalism. Contact us today. |