REO and Foreclosure Appraisal in Island CountyReal Estate in foreclosure and houses that have gone back to the institution's holding bring forth particular appraisal challenges. When there is a property in foreclosure, it's important to ascertain the difference between fair market price and "quick disposition" value to evaluate your potential charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your time constraints. You need a company who has the experience to work with the special dynamics of a foreclosure appraisal. Contact Pacific Appraisals for a company you can count on. Owners of property in foreclosure may be unwilling to allow an inspection of the house, thus presenting special challenges. Sometimes the houses have been ransacked, unfortunately at the hands of the residents themselves. Or, it's common to find the previous owners have moved out or the home neglected for extended periods of time. If your house has changed to bank owned, you will interested in an expeditious disposition. But you may want to know and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any work done to it, with the repairs called for to make the property marketable at full market value corresponding with similar houses 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 special situation of a Real Estate Owned house, in addition to the special data you'll need -- competing listings, neighborhood trends, and the like. You can count on Pacific Appraisals to handle the task of your REO professionally and efficiently. Contact us today. |