Silverpilen Corp. is experienced when you need appraisals for bank owned properties inProperties that have gone back to the bank's ownership and properties in foreclosure present specific appraisal problems. When there is a home in foreclosure, you need to recognize the difference between fair market worth and "quick disposition" worth to analyze your possible charge-off liability. At Silverpilen Corp., we have the background in both producing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your urgency. We have the training to deal with the special dynamics of a foreclosure appraisal. Contact Silverpilen Corp. for a company you can rely on. Owners of property in foreclosure, of course, can present special challenges. They may be opposed to allowing an inspection of the home. If they abandoned the house already, they could have overlooked the care of the home for awhile - or even worse, ransacked the house. You will be interested in a speedy disposition if the home has already changed to REO. So you need to know about and analyze three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any repairs performed, with the work necessary to make the property marketable at full market value comparable with competing houses in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely to someone who'd rather finish the job themselves. Again, we understand your urgency and the special circumstances of a bank owned property, in addition to the unique data you will need -- competing listings, neighborhood trends, and so forth. You can count on Silverpilen Corp. to handle the task of your bank owned property professionally and efficiently. Contact us today. |