Real Estate Owned and Foreclosure Appraisal in North Eastern OhioHomes that have gone back to the financial institution's holding and homes in foreclosure create special appraisal challenges. For a property in foreclosure, you might need to understand the gap between the fair market worth and "quick disposition" value to know your possible charge-off liability. At Nader Appraisal Services, we have the training in both producing snapshots of fair market value for our mortgage clients, in addition to "quick sale" forecasts that understand your time constraints. You need a company who has the expertise to deal with the unique dynamics of a foreclosure appraisal. Contact Nader Appraisal Services for a company you can count on. Owners of properties in foreclosure, of course, can present unique challenges. They could be opposed to allowing an inspection of the house. Sometimes the houses have been vandalized, often by the former residents. Or, it's likely you'll find the families have moved out or the home neglected for extended periods of time. If your property has already gone back to REO, you will interested in an expeditious disposition. However, you may want to know about and examine three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any work done to it, with the repairs due to make the home marketable at full market value consistent with competing homes in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly to someone who'd rather finish the job themselves. Again, we understand your urgency and the specific circumstances of an REO property, as well as the unique information you will need -- competing listings, neighborhood trends, and so forth. You can count on Nader Appraisal Services to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today. |