Real Estate Owned and Foreclosure Appraisals in Yuma CountyThere are specific appraisal difficulties for a home in foreclosure or one that has reverted to the institution's ownership. For a property in foreclosure, you may need to understand the gap between fair market price and "quick disposition" price to know your likely charge-off liability. The professionals at Abacus Appraisal Services can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into consideration your timeline. We have the qualifications to deal with the unique dynamics of a foreclosure appraisal. For a company you can trust, contact Abacus Appraisal Services. Owners of properties in foreclosure, of course, can present special challenges. They may be disinclined to allow an inspection of the house. Often the properties have been vandalized, unfortunately by the residents themselves. Or, it's likely you'll discover nobody has occupied the house for months or the home languishing in disrepair for extended periods of time. You will be interested in a speedy disposition if the property has changed to REO. So you need to know about and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any repairs done to it, with the work necessary to make the house marketable at full market value consistent with competing houses in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your time line and the unique circumstances of a bank owned property, in addition to the unique data you'll need -- competing listings, neighborhood trends, and the like. You can rely on Abacus Appraisal Services to take on the appraisal of your REO professionally and efficiently. Contact us today. |