Lundquist Appraisals & Real Estate Services is a company you can trust when it comes to bank owned properties in Wabash
Homes that have returned to the bank's holding and houses in foreclosure bring forth specific appraisal problems.
It's key to know the difference between fair market worth and "quick disposition" price to know your likely write-down liability when dealing with a property in foreclosure. The professionals at Lundquist Appraisals & Real Estate Services can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your urgency.
The professionals at Lundquist Appraisals & Real Estate Services have the experience to work with the specific dynamics of a foreclosure appraisal. Contact Lundquist Appraisals & Real Estate Services for a company you can rely on.
Owners of houses in foreclosure, of course, can present specific challenges. They may be uncooperative to allowing an inspection of the house. Often the subjects have been intentionally damaged, unfortunately at the hands of the former residents. Or, it's common to find the residents have moved out or the home neglected for extended periods of time.
For a home that has already changed to Real Estate Owned, you probably will want to get rid of it quickly . However, you might want to know and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the property without any work done to it, with the repairs called for to make the house marketable at full market value comparable with competing homes in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your time line and the specific circumstances of a Real Estate Owned property, as well as the unique data you'll need -- competing listings, market trends, and so forth. You can bank on Lundquist Appraisals & Real Estate Services to handle the task of your bank owned property professionally and efficiently. Contact us today.