Real Estate Owned Appraisals in Dane CountyProperties that have returned to the bank's possession and homes in foreclosure present particular appraisal problems. For a home in foreclosure, you should know the gap between fair market value and "quick disposition" to know your possible charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your time line. We have the qualifications to deal with the particular dynamics of a foreclosure appraisal. Contact Yahara Appraisals LLC for a company you can rely on. Occupants of properties in foreclosure might be unwilling to allow an inspection of the house, thus presenting special challenges. Often the homes have been intentionally damaged, often at the hands of the former residents themselves. Or, it's likely you'll find nobody has occupied the house for months or the home languishing in disrepair for extended periods of time. You'll be interested in an expedited disposition if the house has gone back to REO. So you need to know about and examine three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any work done to it, with the repairs called for to make the home marketable at full market value commensurate with competing real estate in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your timeline and the unique circumstances of a bank owned home, in addition to the unique information you'll need -- competing listings, market trends, and the like. You can rely on Yahara Appraisals LLC to take on the appraisal of your REO with expertise and professionalism. Contact us today. |