REO and Foreclosure Appraisal in Beaver County
Homes that have reverted to the bank's control and houses in foreclosure bring forth particular appraisal difficulties.
When dealing with a home in foreclosure, it's important to recognize the difference between fair market worth and "quick disposition" price to evaluate your possible charge-off liability. At Ed Cline Appraisals, we have the background in both producing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your time constraints.
The professionals at Ed Cline Appraisals have the experience to handle the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Ed Cline Appraisals.
Owners of houses in foreclosure, of course, can present unique challenges. They may be unwilling to allow an inspection of the house. Sometimes the houses show signs of vandalism, unfortunately at the hands of the residents. Or, it's common to discover a house at a minimum abandoned or the home languishing in disrepair for extended periods of time.
You'll be interested in a quick disposition if the home has already changed to bank owned. So you might want to understand and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any repairs performed, with the repairs required to make the house marketable at full market value comparable with the other homes in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your timeline and the unique situation of a Real Estate Owned property, as well as the special information you'll need -- competing listings, market trends, and the like. You can bank on Ed Cline Appraisals to take on the appraisal of your REO with expertise and professionalism. Contact us today.