Foreclosure Appraisal in La Porte CountyHomes in foreclosure and houses that have returned to the financial institution's possession bring forth various appraisal difficulties.For a home in foreclosure, you should recognize the gap between market value and a "quick disposition" to know your probable charge-off liability. Dattilo Appraisal & Realty Services has the knowledge in both presenting snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time constraints.
Occupants of homes in foreclosure might be opposed to allowing an inspection of the property, thus presenting special challenges. Often the properties show signs of vandalism, unfortunately at the hands of the former residents. Or, it's common to discover nobody has occupied the house for months or the home languishing in disrepair for long periods of time.
For real estate that has already reverted to REO, you probably will be going for a fast disposition. But you might want to understand and analyze the concepts of "as-is", "as repaired", and "quick sale" values. These symbolize: |