Real Estate Owned and Foreclosure Appraisal in Clackamas CountyThere are unique appraisal problems when it comes to a house in foreclosure or one that has gone back to the bank's holding. For a house in foreclosure, you may need to know the gap between the fair market and "quick disposition" worth to know your probable charge-off liability. The professionals at Affordable Appraisal can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into consideration your time line. We have the expertise to handle the special dynamics of a foreclosure appraisal. Contact Affordable Appraisal for a company you can rely on. Owners of dwellings in foreclosure may be opposed to allowing an inspection of the home, thus presenting unique challenges. They may have moved out of the property already and/or overlooked the care of the home for quite awhile - or even worse, vandalized the home. For a property that has returned to REO, you probably will want it off your hands as quickly as possible . However, you might want to understand and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the house without any work done to it, with the repairs necessary to make the home marketable at full market value consistent with competing houses in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your timeline and the unique circumstances of a bank owned property, in addition to the specific information you will need -- competing listings, market trends, and so forth. You can count on Affordable Appraisal to handle the appraisal of your REO with expertise and professionalism. Contact us today. |