Martin Appraisal is experienced when you need appraisals for bank owned properties in DutchessThere are particular appraisal problems for a house in foreclosure or one that has reverted to the financial institution's ownership. For a home in foreclosure, you need to recognize the difference between the fair market price and "quick disposition" worth to know your potential charge-off liability. At Martin Appraisal, we have the experience in both supplying snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time constraints. The professionals at Martin Appraisal have the experience to work with the special dynamics of a foreclosure appraisal. Contact Martin Appraisal for a company you can rely on. Special challenges may be present when working with owners of houses in foreclosure. They may be unwilling to allow an inspection of the property. They may have moved out of the house already and/or ignored the care of the home for awhile - or in some cases caused damage to the home. You will be interested in an expeditious disposition if the house has reverted to Real Estate Owned. So you need to understand and analyze three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any work performed, with the repairs called for to make the property marketable at full market value appropriate with the other homes in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your time line and the unique circumstances of a bank owned property, in addition to the unique data you will need -- competing listings, neighborhood trends, and so forth. You can count on Martin Appraisal to handle the task of your bank owned property professionally and efficiently. Contact us today. |