Foreclosure Appraisal in Honolulu CountyThere are special appraisal challenges involved in a house in foreclosure or one that has reverted to the financial institution's ownership. When dealing with a home in foreclosure, you should differentiate the difference between fair market value and "quick disposition" value to analyze your possible charge-off liability. The Appraisal Firm has the training in both furnishing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into account your time constraints. You need a company who has the experience to handle the unique dynamics of a foreclosure appraisal. For a company you can count on, contact The Appraisal Firm. Owners of houses in foreclosure, of course, can present special challenges. They might be opposed to allowing an inspection of the property. If they deserted the house already, they could have ignored the care of the property for quite some time - or unfortunately, damaged the property. You'll be interested in an expedited disposition if the home has already returned to bank owned. So you need to understand and compare three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any work performed, with the work called for to make the property marketable at full market value consistent with similar real estate in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your timeline and the unique circumstances of a Real Estate Owned house, in addition to the unique data you'll need -- competing listings, market trends, and the like. You can bank on The Appraisal Firm to take on the appraisal of your REO with expertise and professionalism. Contact us today. |