REO and Foreclosure Appraisals in Sullivan County
Houses that have gone back to the financial institution's holding and houses in foreclosure present various appraisal challenges.
For a house in foreclosure, you should know the difference between the fair market value and "quick disposition" to know your possible charge-off liability. At REVARI (Real Estate Valuation and Research Inc.), we have the experience in both producing snapshots of fair market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that understand your time line.
The professionals at REVARI (Real Estate Valuation and Research Inc.) have the expertise to deal with the unique dynamics of a foreclosure appraisal. Contact REVARI (Real Estate Valuation and Research Inc.) for a company you can count on.
Occupants of houses in foreclosure may be unwilling to allow an inspection of the house, thus presenting unique challenges. If they moved out of the property already, they might have not taken care of the house for a long time - or unfortunately, caused damage to the property.
For a property that has already gone back to bank owned, you likewise will be going for an expedited disposition . However, you might want to understand and examine three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any repairs done to it, with the repairs needed to make the house marketable at full market value consistent with the other houses in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your time line and the specific circumstances of an REO home, in addition to the special information you will need -- competing listings, market trends, and the like. You can bank on REVARI (Real Estate Valuation and Research Inc.) to take on the task of your bank owned property professionally and efficiently. Contact us today.