Foreclosure and REO Appraisals in Orleans CountyThere are various appraisal problems regarding a home in foreclosure or one that has gone back to the institution's ownership. When dealing with a property in foreclosure, it's important to ascertain the difference between fair market price and "quick disposition" price to know your possible charge-off liability. Prudhomme Real Estate & Appraisal Group has the training in both furnishing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your urgency. You need a company who has the expertise to deal with the unique dynamics of a foreclosure appraisal. Contact Prudhomme Real Estate & Appraisal Group for a company you can count on. Particular challenges might be present when dealing with owners of houses in foreclosure. They could be uncooperative to allowing an inspection of the home. If they deserted the house already, they could have neglected care of the house for quite some time - or unfortunately, caused damage to the property. You will be interested in a speedy disposition if the home has already changed to bank owned. So you need to know about and compare three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any work done to it, with the work due to make the property marketable at full market value appropriate with competing properties in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly to someone inclined to finish the job themselves. Again, we understand your timeline and the specific situation of a bank owned home, as well as the special data you'll need -- competing listings, neighborhood trends, and so forth. You can bank on Prudhomme Real Estate & Appraisal Group to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today. |