People's Choice Appraisals is a company you can trust when it comes to bank owned properties in OnslowThere are specific appraisal difficulties when it comes to a home in foreclosure or one that has reverted to the institution's holding. For a property in foreclosure, you may need to understand the gap between the fair market and "quick disposition" to know your possible charge-off liability. People's Choice Appraisals has the background in both producing snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your urgency. You need a company who has the training to handle the unique dynamics of a foreclosure appraisal. Contact People's Choice Appraisals for a company you can rely on. Specific challenges might be present when dealing with owners of properties in foreclosure. They could be uncooperative to allowing an inspection of the house. They could have moved out of the home already and/or neglected care of the property for quite some time - or in some cases ransacked the property. You will be interested in a speedy disposition if the house has already changed to Real Estate Owned. So you may want to know about and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any work performed, with the repairs necessary to make the home marketable at full market value commensurate with the other houses in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, seemingly to someone who'd rather finish the job themselves. Again, we understand your timeline and the unique situation of an REO property, in addition to the unique data you will need -- competing listings, market trends, and so forth. You can count on People's Choice Appraisals to handle the task of your REO professionally and efficiently. Contact us today. |