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Time and
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Anchorage, AK |
Foreclosure/REO appraisal
Homes in foreclosure
and homes that have reverted to your
financial institution's
ownership present special appraisal
challenges. We are ready and able to
help.
For a property in foreclosure, you
may need to know the difference
between fair market value and "quick
disposition" value, to know your
potential charge-off liability. We have experience in both providing
snapshots of fair market value for
our mortgage lending and servicing
clients as well as "quick sale"
forecasts that understand your
timeline.
Owners of
 property in foreclosure,
of course, present special
challenges. They may be unwilling to
allow an inspection of the
property. If they have abandoned the
property already, they may have
neglected care of the home for some
time -- or worse, caused damage. We
have the experience and training to
deal with the special dynamics of a
foreclosure appraisal, so you
can rely on us.
For a property that has already
reverted to Real Estate Owned, you
likewise will be interested in a
quick disposition. But you may want
to know and compare three values:
R epaired, and
Quick
sale
These represent the value of
the property without any work done
to it, with the work required to
make the property marketable to full
market value commensurate with
competing properties in the area,
and, somewhere in-between, with
minimal investment in repairs --
selling the property quickly,
probably as a "fixer-upper." Again,
we understand your timeline and the
unique circumstances of an REO
property, as well as the special
information you'll need -- competing
listings, market trends, and the
like.
Please browse our website to learn
more about our qualifications,
expertise and services offered.
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