Foreclosure and Real Estate Owned Appraisals in Wabash County
There are specific appraisal challenges when we're talking about a property in foreclosure or one that has gone back to the bank's possession.
For a house in foreclosure, you should know the gap between fair market and "quick disposition" worth to know your likely charge-off liability. Lundquist Appraisals & Real Estate Services has the knowledge in both producing snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into consideration your time constraints.
You need a company with the experience to deal with the specific dynamics of a foreclosure appraisal. Contact Lundquist Appraisals & Real Estate Services for a company you can trust.
Unique challenges may be present when working with owners of houses in foreclosure. They might be uncooperative to allowing an inspection of the home. Often the subjects show signs of vandalism, often at the hands of the residents. Or, it's likely you'll discover nobody has lived in house for months or the home languishing in disrepair for long of time.
You'll be interested in an expedited disposition if the house has already returned to Real Estate Owned. So you might want to know about and compare three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any work performed, with the work due to make the house marketable at full market value appropriate with the other homes in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your timeline and the specific situation of a bank owned property, as well as the specific data you'll need -- competing listings, market trends, and so forth. You can count on Lundquist Appraisals & Real Estate Services to take on the task of your REO professionally and efficiently. Contact us today.