Real Estate Owned and Foreclosure Appraisals in Orleans CountyReal Estate in foreclosure and properties that have reverted to the bank's ownership create special appraisal problems. When dealing with a home in foreclosure, you need to know the difference between fair market worth and "quick disposition" value to analyze your possible charge-off liability. At Crescent City Appraisal Services, LLC, we have the background in both furnishing snapshots of fair market value for our mortgage clients, as well as "quick sale" forecasts that understand your time line. You need a company who has the training to handle the unique dynamics of a foreclosure appraisal. Contact Crescent City Appraisal Services, LLC for a company you can trust. Owners of property in foreclosure may be uncooperative to allowing an inspection of the house, thus presenting unique challenges. If they have abandoned the house already, they might have neglected care of the house for quite awhile - or unfortunately, caused damage to the house. For real estate that has returned to Real Estate Owned, you probably will want it off your hands as quickly as possible . But you might want to know about and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the home without any work performed, with the repairs needed to make the house marketable at full market value consistent with competing houses in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your timeline and the specific situation of an REO home, as well as the unique information you'll need -- competing listings, market trends, and so forth. You can rely on Crescent City Appraisal Services, LLC to handle the task of your REO professionally and efficiently. Contact us today. |