Foreclosure and REO Appraisals in Franklin CountyThere are particular appraisal problems when we're talking about a house in foreclosure or one that has gone back to the financial institution's control.It's important to recognize the meanings of "market value" and a "quick disposition" value to evaluate your likely write-down liability when dealing with a home in foreclosure. D & M Appraisals has the background in both furnishing snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your pressing needs.
Occupants of houses in foreclosure could be opposed to allowing an inspection of the property, thus presenting specific challenges. If they have abandoned the home already, they may have not taken care of the home for awhile - or unfortunately, ransacked the property.
If you're dealing with home that has already gone back to REO, you will interested in an expedited disposition. However, you might want to know and compare three values: as-is, as repaired, and "quick sale". These represent: |