Foreclosure Appraisals in Baltimore County
Properties that have reverted to the financial institution's control and homes in foreclosure present special appraisal problems.
It's important to understand the difference between fair market price and "quick disposition" worth to evaluate what losses you stand to sustain when dealing with a property in foreclosure. We can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your timeline.
has the training to work with the unique dynamics of a foreclosure appraisal. Contact for a company you can trust.
Unique challenges may be present when working with owners of houses in foreclosure. They might be uncooperative to allowing an inspection of the house. If they abandoned the house already, they might have not taken care of the property for quite some time - or worse, damaged the property.
For a house that has returned to Real Estate Owned, you typically will want to get rid of it quickly . However, you might want to understand and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any repairs done to it, with the repairs necessary to make the property marketable at full market value comparable with the other houses in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your urgency and the special situation of a bank owned home, in addition to the specific data you will need -- competing listings, market trends, and so forth. You can bank on to take on the task of your bank owned property with expertise and professionalism. Contact us today.