REO Appraisals in Lafayette CountyReal Estate in foreclosure and houses that have returned to the bank's control bring forth unique appraisal difficulties. It's important to differentiate the difference between fair market price and "quick disposition" value to analyze what losses you could realize when dealing with a home in foreclosure. At Appraisals by Kana, we have the knowledge in both providing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time line. Appraisals by Kana has the qualifications to deal with the specific dynamics of a foreclosure appraisal. For a company you can trust, contact Appraisals by Kana. Owners of property in foreclosure, of course, can present unique challenges. They might be opposed to allowing an inspection of the house. If they left the home already, they could have ignored the care of the house for a long time - or unfortunately, damaged the property. You'll be interested in an expedited disposition if the house has reverted to REO. So you need to understand and review three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any work done to it, with the work called for to make the property marketable at full market value appropriate with the other homes in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly to someone inclined to finish the job themselves. Again, we understand your time line and the specific circumstances of a bank owned house, in addition to the specific data you will need -- competing listings, market trends, and the like. You can bank on Appraisals by Kana to handle the appraisal of your bank owned property professionally and efficiently. Contact us today. |