Martin Appraisal is experienced when you need appraisals for foreclosures in Red HookThere are special appraisal problems regarding a home in foreclosure or one that has gone back to the lender's holding. When there is a home in foreclosure, it's important to know the difference between fair market worth and "quick disposition" value to evaluate your possible charge-off liability. At Martin Appraisal, we have the background in both providing snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your time constraints. Martin Appraisal has the experience to work with the special dynamics of a foreclosure appraisal. Contact Martin Appraisal for a company you can rely on. Owners of properties in foreclosure, of course, can present special challenges. They might be opposed to allowing an inspection of the property. Often the houses have been intentionally damaged, unfortunately at the hands of the former residents. Or, it's likely you'll find a house at least abandoned or the home neglected for long of time. For a home that has changed to REO, you most likely will be seeking a fast disposition . However, you may want to know about and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the house without any repairs done to it, with the work called for to make the home marketable at full market value consistent with competing houses in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your time line and the unique circumstances of an REO property, as well as the unique data you'll need -- competing listings, neighborhood trends, and the like. You can rely on Martin Appraisal to handle the appraisal of your bank owned property professionally and efficiently. Contact us today. |