Foreclosure and Real Estate Owned Appraisals in Montgomery County
Properties in foreclosure and houses that have reverted to the lender's ownership bring forth specific appraisal problems.
For a home in foreclosure, you need to recognize the difference between the fair market value and "quick disposition" worth to know your likely charge-off liability. R.M. Rose has the experience in both presenting snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your time constraints.
We have the training to deal with the unique dynamics of a foreclosure appraisal. Contact R.M. Rose for a company you can trust.
Special challenges can be present when working with owners of property in foreclosure. They might be opposed to allowing an inspection of the home. They might have left the house already and/or overlooked the care of the property for some time - or unfortunately, intentionally harmed the home.
For real estate that has reverted to bank owned, you typically will want to get rid of it quickly . But you may want to understand and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any repairs performed, with the work required to make the home marketable at full market value commensurate with similar houses in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your timeline and the unique situation of an REO home, as well as the unique information you'll need -- competing listings, market trends, and so forth. You can rely on R.M. Rose to take on the task of your REO professionally and efficiently. Contact us today.