Foreclosure and REO Appraisal in Beaver County
There are specific appraisal problems regarding a property in foreclosure or one that has gone back to the lender's possession.
It's important to recognize the difference between fair market price and "quick disposition" worth to analyze your possible charge-off liability when dealing with a house in foreclosure. At Ed Cline Appraisals, we have the knowledge in both presenting snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your time line.
We have the qualifications to deal with the unique dynamics of a foreclosure appraisal. Contact Ed Cline Appraisals for a company you can count on.
Specific challenges might be present when dealing with owners of properties in foreclosure. They might be disinclined to allow an inspection of the property. They might have moved out of the property already and/or neglected care of the property for quite some time - or worse, damaged the property.
You'll be interested in a fast disposition if the house has already gone back to REO. So you may want to know about and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any repairs done to it, with the repairs due to make the house marketable at full market value commensurate with similar homes in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your urgency and the special circumstances of an REO property, as well as the special information you'll need -- competing listings, market trends, and so forth. You can rely on Ed Cline Appraisals to handle the appraisal of your REO professionally and efficiently. Contact us today.