Real Estate Owned and Foreclosure Appraisals in NH and MassachusettsThere are particular appraisal difficulties involved in a home in foreclosure or one that has gone back to the lender's control. For a property in foreclosure, you need to know the gap between fair market and "quick disposition" worth to know your potential charge-off liability. Anchorage Appraisal Group has the knowledge in both supplying snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into account your time line. You need a company who has the qualifications to handle the special dynamics of a foreclosure appraisal. For a company you can trust, contact Anchorage Appraisal Group. Particular challenges might be present when working with owners of property in foreclosure. They may be unwilling to allow an inspection of the property. Often the houses have been ransacked, unfortunately at the hands of the former residents. Or, it's likely you'll discover the residents have moved out or the home neglected for extended periods of time. If your house has gone back to REO, you will interested in a speedy disposition. However, you might want to understand and review three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any repairs done to it, with the repairs required to make the property marketable at full market value appropriate with the other houses in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely to someone who'd prefer to finish the job themselves. Again, we understand your timeline and the specific situation of an REO house, in addition to the specific data you will need -- competing listings, neighborhood trends, and so forth. You can rely on Anchorage Appraisal Group to take on the appraisal of your bank owned property professionally and efficiently. Contact us today. |