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Foreclosure and Real Estate Owned Appraisals in Baltimore County

Properties that have returned to the institution's possession and properties in foreclosure bring forth particular appraisal problems.

For a house in foreclosure, you should recognize the difference between the fair market worth and "quick disposition" worth to know your probable charge-off liability. At , we have the experience in both providing snapshots of fair market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that understand your time line.

You need a company who has the training to handle the specific dynamics of a foreclosure appraisal. For a company you can count on, contact .

Owners of houses in foreclosure, of course, can present particular challenges. They may be opposed to allowing an inspection of the home. If they abandoned the property already, they could have ignored the care of the property for quite some time - or worse, damaged the house.

You'll be interested in a quick disposition if the house has reverted to bank owned. So you might want to know and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any work done to it, with the work called for to make the home marketable at full market value consistent with the other properties in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably to someone who'd rather finish the job themselves. Again, we understand your urgency and the unique circumstances of a Real Estate Owned property, in addition to the special data you'll need -- competing listings, neighborhood trends, and so forth. You can bank on to take on the appraisal of your REO with expertise and professionalism. Contact us today.