Real Estate Owned and Foreclosure Appraisals in Beaver County
There are particular appraisal difficulties when we're talking about a property in foreclosure or one that has reverted to the lender's holding.
When dealing with a house in foreclosure, you need to know the difference between fair market value and "quick disposition" price to know your probable charge-off liability. The professionals at Ed Cline Appraisals can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your urgency.
You need a company with the experience to work with the unique dynamics of a foreclosure appraisal. For a company you can count on, contact Ed Cline Appraisals.
Owners of property in foreclosure, of course, can present unique challenges. They could be disinclined to allow an inspection of the home. If they have abandoned the house already, they could have ignored the care of the house for quite awhile - or worse, caused damage to the house.
You'll be interested in an expeditious disposition if the property has gone back to bank owned. So you need to know and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any work done to it, with the work due to make the property marketable at full market value corresponding with similar properties in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your urgency and the unique situation of a bank owned home, in addition to the specific data you'll need -- competing listings, market trends, and the like. You can count on Ed Cline Appraisals to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.