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Piper Rosenberg, Inc is experienced when you need appraisals for foreclosures in Edgewood, Washington
There are specific appraisal difficulties when it comes to a property in foreclosure or one that has gone back to the institution's control.
For a property in foreclosure, you definitely need to know the difference between market value and a "quick disposition" value to know your potential charge-off liability.
We can provide both snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your time line.
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The professionals at Piper Rosenberg, Inc have the experience to deal with the special dynamics of a foreclosure appraisal. Contact Piper Rosenberg, Inc for a company you can rely on. |
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Specific challenges can be present when dealing with owners of homes in foreclosure. They may be unwilling to allow an inspection of the property.
They could have moved out of the property already and/or overlooked the care of the home for quite awhile - or in some cases vandalized the property.
For a house that has returned to REO, you typically will want to get rid of it quickly. In any case, you'll still want to consider three angles for looking at the value of the subject property:- As Repaired. Value with the repairs required to make the property marketable at full market value - comparable with similar properties in the neighborhood
- As-is. The market value of the property without any repairs performed
- Quick sale. Somewhere in the middle, with minor investment in repairs - to offload the property quickly, seemingly as a "fixer-upper"
Again, we understand your urgency and the special circumstances of a Real Estate Owned property, as well as the unique information you will need - competing listings, market trends, and the like. You can rely on Piper Rosenberg, Inc to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.
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