Foreclosure and REO Appraisal in Rockland CountyHomes in foreclosure and properties that have reverted to the financial institution's possession create various appraisal problems. For a property in foreclosure, you might need to recognize the difference between the fair market and "quick disposition" value to know your potential charge-off liability. The professionals at Infinity Real Estate Appraisals can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into consideration your timeline. Infinity Real Estate Appraisals has the experience to work with the particular dynamics of a foreclosure appraisal. Contact Infinity Real Estate Appraisals for a company you can rely on. Unique challenges can be present when working with owners of property in foreclosure. They could be opposed to allowing an inspection of the home. Often the houses show signs of vandalism, often by the residents themselves. Or, it's likely you'll discover a house at least abandoned or the home languishing in disrepair for long of time. If your property has gone back to REO, you will interested in a speedy disposition. But you might want to know about and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any repairs done to it, with the work necessary to make the property marketable at full market value consistent with similar homes in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your time line and the unique situation of a bank owned property, as well as the specific information you'll need -- competing listings, neighborhood trends, and so forth. You can count on Infinity Real Estate Appraisals to handle the appraisal of your REO with expertise and professionalism. Contact us today. |