Scope Appraisal is a company you can trust when you need appraisals for bank owned propertiesThere are unique appraisal problems regarding a house in foreclosure or one that has reverted to the lender's holding. For a house in foreclosure, you should know the difference between the fair market worth and "quick disposition" value to know your likely charge-off liability. At Scope Appraisal, we have the training in both presenting snapshots of fair market value for our mortgage lending and servicing clients, in addition to "quick sale" forecasts that understand your timeline. You need a company with the expertise to handle the special dynamics of a foreclosure appraisal. Contact Scope Appraisal for a company you can rely on. Specific challenges may be present when dealing with owners of properties in foreclosure. They could be disinclined to allow an inspection of the property. Sometimes the subjects have been intentionally damaged, unfortunately by the former residents. Or, it's common to discover nobody has occupied the house for months or the home languishing in disrepair for long of time. For real estate that has already reverted to Real Estate Owned, you probably will want to get rid of it quickly . 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 house without any work performed, with the repairs called for to make the property marketable at full market value appropriate with competing homes in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly to someone who'd prefer to finish the job themselves. Again, we understand your time line and the unique circumstances of an REO home, as well as the unique information you'll need -- competing listings, market trends, and the like. You can bank on Stephanie Dietz to take on the task of your REO with expertise and professionalism. Contact us today. |