Foreclosure Appraisal in Montgomery CountyHouses in foreclosure and houses that have reverted to the bank's control present various appraisal difficulties. When dealing with a property in foreclosure, it's important to differentiate the difference between fair market price and "quick disposition" value to analyze your potential charge-off liability. Powell Appraisal Services has the experience in both supplying snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your time line. You need a company with the qualifications to deal with the special dynamics of a foreclosure appraisal. Contact Powell Appraisal Services for a company you can trust. Unique challenges can be present when dealing with owners of homes in foreclosure. They might be uncooperative to allowing an inspection of the property. If they abandoned the property already, they might have overlooked the care of the home for some time - or even worse, ransacked the house. For real estate that has reverted to Real Estate Owned, you probably will want to get rid of it quickly . However, you may want to understand and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any repairs done to it, with the repairs needed to make the home marketable at full market value comparable with competing 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 timeline and the specific circumstances of a Real Estate Owned property, in addition to the unique information you'll need -- competing listings, neighborhood trends, and so forth. You can count on Powell Appraisal Services to take on the appraisal of your bank owned property professionally and efficiently. Contact us today. |