REO Appraisal in Emmet CountyThere are particular appraisal difficulties for a property in foreclosure or one that has reverted to the lender's ownership. For a home in foreclosure, you may need to understand the gap between the fair market worth and "quick disposition" price to know your possible charge-off liability. At Silverpilen Corp., we have the experience in both furnishing snapshots of fair market value for our mortgage clients, in addition to "quick sale" forecasts that understand your time constraints. The professionals at Silverpilen Corp. have the experience to work with the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact Silverpilen Corp.. Owners of homes in foreclosure, of course, can present unique challenges. They might be uncooperative to allowing an inspection of the home. Often the properties have been vandalized, unfortunately by the former residents. Or, it's likely you'll find a house at least abandoned or the home languishing in disrepair for long of time. For a house that has already gone back to REO, you probably will be going for a quick resolution . However, you may want to know about and review three values: as-is, as repaired, and "quick sale." These represent the value of the home without any work performed, with the repairs required to make the home 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, possibly to someone who'd prefer to finish the job themselves. Again, we understand your time line and the special situation of an REO house, as well as the special information you'll need -- competing listings, market trends, and the like. You can count on Silverpilen Corp. to handle the appraisal of your REO professionally and efficiently. Contact us today. |