REO and Foreclosure Appraisal in Anne Arundel CountyHouses in foreclosure and homes that have gone back to the lender's ownership bring forth unique appraisal challenges. When there is a property in foreclosure, you should ascertain the difference between fair market value and "quick disposition" worth to evaluate your probable charge-off liability. At Robin Kristopher Eckman, we have the training in both furnishing snapshots of fair market value for our mortgage lending and servicing clients, in addition to "quick sale" forecasts that understand your time line. You need a company with the qualifications to deal with the special dynamics of a foreclosure appraisal. Contact Robin Kristopher Eckman for a company you can trust. Owners of houses in foreclosure, of course, can present unique challenges. They may be opposed to allowing an inspection of the house. Often the subjects have been vandalized, often at the hands of the former residents themselves. Or, it's likely you'll find the residents have moved out or the home languishing in disrepair for long of time. If your house has already gone back to Real Estate Owned, you will interested in an expeditious disposition. But you may want to know and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any work performed, with the work required to make the home marketable at full market value appropriate with competing real estate in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your time line and the special situation of a bank owned house, in addition to the specific information you will need -- competing listings, market trends, and so forth. You can count on Robin Kristopher Eckman to handle the appraisal of your REO professionally and efficiently. Contact us today. |