Real Estate Owned Appraisals in Wabash County
Properties in foreclosure and houses that have reverted to the institution's control create unique appraisal difficulties.
When dealing with a house in foreclosure, you should understand the difference between fair market price and "quick disposition" price to know your probable charge-off liability. The professionals at Lundquist Appraisals & Real Estate Services can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time line.
Lundquist Appraisals & Real Estate Services has the expertise to work with the special dynamics of a foreclosure appraisal. Contact Lundquist Appraisals & Real Estate Services for a company you can count on.
Occupants of homes in foreclosure might be unwilling to allow an inspection of the property, thus presenting special challenges. If they left the property already, they may have ignored the care of the house for a long time - or worse, caused damage to the home.
If your property has already returned to Real Estate Owned, you will interested in an expeditious disposition. But you might want to know about and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any repairs performed, with the repairs needed to make the home marketable at full market value comparable with similar homes in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your time line and the unique situation of an REO home, as well as the special information you will need -- competing listings, neighborhood trends, and the like. You can count on Lundquist Appraisals & Real Estate Services to handle the task of your bank owned property professionally and efficiently. Contact us today.