Real Estate Owned (REO) Appraisals Real Estate in foreclosure and properties that have reverted to the bank's holding - present various appraisal difficulties.
You need to know the meanings of "market value" and a "quick disposition" assessment to evaluate your likely write-down liability when dealing with a house in foreclosure. The Experts affiliated with We Value America, LLC have the knowledge in both supplying snapshots of market value for mortgage servicing clients, as well as "quick sale" forecasts that respect your pressing needs. These Experts also assist homeowners and their legal counsel involved in the foreclosure process.
Owners of properties in foreclosure, naturally, can present special challenges: They may be disinclined to allow us access to the house. Sometimes the properties have been vandalized, unfortunately at the hands of the former residents. Or, it's likely you'll discover the families have moved out or the home languishing in disrepair for extended periods of time.
You will be interested in a fast disposition if the property has already returned to REO. So you may want to know about and review three values: "as-is", "as repaired", and "quick sale". These correspond to:
Again, these Experts understand your timeline and the unique circumstances of an REO home, as well as the specific information you'll need - competing listings, neighborhood trends, and so forth. You can rely on the independent Experts affiliated with We Value America, LLC to handle the task of your bank owned property with expertise and professionalism. Contact us today.
- The value of the property without any repairs done to it
- Possible value with the repairs necessary to make the house marketable at full market value - consistent with other properties in the neighborhood
- Somewhere in the middle, with minimal investment in repairs - to get rid of the property quickly, possibly as a "fixer-upper"
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