Real Estate Owned and Foreclosure Appraisal in Elko CountyReal Estate in foreclosure and properties that have returned to the institution's holding bring forth particular appraisal problems. When there is a house in foreclosure, you should understand the difference between fair market value and "quick disposition" worth to know your possible charge-off liability. Iris Appraisal has the background in both providing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your time line. We have the qualifications to handle the unique dynamics of a foreclosure appraisal. For a company you can count on, contact Iris Appraisal. Particular challenges may be present when dealing with owners of property in foreclosure. They may be unwilling to allow an inspection of the property. If they left the property already, they could have not taken care of the property for quite some time - or unfortunately, damaged the home. For a home that has gone back to bank owned, you probably will want to get rid of it quickly . But you might want to know and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any work performed, with the work needed to make the house marketable at full market value appropriate with the other homes in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your urgency and the unique circumstances of an REO house, as well as the specific data you will need -- competing listings, market trends, and the like. You can bank on Iris Appraisal to handle the task of your bank owned property with expertise and professionalism. Contact us today. |