REO Appraisals in Carroll CountyThere are particular appraisal problems for a home in foreclosure or one that has returned to the institution's ownership. For a property in foreclosure, you need to understand the gap between the fair market value and "quick disposition" to know your potential charge-off liability. At North Country Appraisers, we have the training in both providing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your timeline. We have the training to work with the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact North Country Appraisers. Owners of homes in foreclosure might be opposed to allowing an inspection of the home, thus presenting particular challenges. They might have deserted the property already and/or neglected care of the property for quite some time - or unfortunately, vandalized the house. If your home has gone back to REO, you will interested in an expeditious disposition. However, you may want to know and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any repairs performed, with the repairs necessary to make the home marketable at full market value consistent with the other homes in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your timeline and the unique circumstances of a bank owned house, in addition to the specific data you'll need -- competing listings, neighborhood trends, and the like. You can bank on North Country Appraisers to handle the task of your REO professionally and efficiently. Contact us today. |