Real Estate Owned and Foreclosure Appraisals in Taylor CountyHomes in foreclosure and properties that have returned to the bank's holding present special appraisal problems. It's key to know the difference between fair market worth and "quick disposition" value to evaluate what losses you might sustain when dealing with a home in foreclosure. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time line. You need a company who has the training to deal with the particular dynamics of a foreclosure appraisal. For a company you can trust, contact John Fanning & Associates. Owners of property in foreclosure could be uncooperative to allowing an inspection of the home, thus presenting special challenges. If they abandoned the house already, they might have neglected care of the property for a long time - or unfortunately, ransacked the property. For real estate that has changed to Real Estate Owned, you probably will be seeking a speedy resolution . But you might want to understand and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any work performed, with the work necessary to make the home marketable at full market value corresponding with the other real estate in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably to someone who'd prefer to finish the job themselves. Again, we understand your time line and the special circumstances of a Real Estate Owned home, in addition to the special data you'll need -- competing listings, market trends, and the like. You can count on John Fanning & Associates to take on the appraisal of your REO with expertise and professionalism. Contact us today. |