Foreclosure and Real Estate Owned Appraisals in Montgomery County
Homes that have returned to the institution's control and homes in foreclosure bring forth special appraisal difficulties.
For a home in foreclosure, you may need to understand the difference between fair market and "quick disposition" to know your likely charge-off liability. At R.M. Rose, we have the training in both supplying snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your urgency.
We have the qualifications to handle the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact R.M. Rose.
Owners of houses in foreclosure might be opposed to allowing an inspection of the property, thus presenting unique challenges. They could have abandoned the property already and/or neglected care of the property for a long time - or worse, ransacked the house.
You'll be interested in a speedy disposition if the property has already reverted to REO. So you need to understand 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 repairs called for to make the house marketable at full market value corresponding with competing homes in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your urgency and the unique circumstances of a bank owned house, in addition to the unique information you will need -- competing listings, neighborhood trends, and so forth. You can bank on R.M. Rose to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.