Foreclosure and Real Estate Owned Appraisal in Scotts Bluff County
Homes that have gone back to the bank's control and properties in foreclosure present unique appraisal difficulties.
For a house in foreclosure, you should know the gap between fair market price and "quick disposition" price to know your likely charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your time line.
You need a company who has the qualifications to handle the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Pierce Appraisal.
Particular challenges may be present when dealing with owners of properties in foreclosure. They may be unwilling to allow an inspection of the property. Sometimes the homes have been intentionally damaged, unfortunately by the residents themselves. Or, it's common to find nobody has occupied the house for months or the home neglected for long of time.
If your property has already gone back to REO, you will interested in a fast disposition. However, you might want to know about and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any work done to it, with the work called for to make the house marketable at full market value corresponding with competing properties in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, seemingly to someone who'd prefer to finish the job themselves. Again, we understand your time line and the special situation of an REO property, in addition to the unique information you'll need -- competing listings, market trends, and the like. You can rely on Pierce Appraisal to take on the task of your REO professionally and efficiently. Contact us today.