REO Appraisal in Isanti CountyThere are special appraisal problems when it comes to a property in foreclosure or one that has gone back to the financial institution's control.
When dealing with a property in foreclosure, it's important to differentiate market value versus a "quick disposition" value to know your potential charge-off liability. Advent Appraisals (763) 350-4816 has the background in both supplying snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your pressing needs.
Owners of homes in foreclosure, of course, can present specific challenges. For example, they may be combative when it comes to allowing us access to the house. They may have left the home already and/or neglected care of the property for quite some time - or in some cases vandalized the home.
If you're dealing with property that has gone back to REO, you will interested in an expedited disposition. However, you might want to know about and compare three values: as-is, as repaired, and "quick sale". These correspond to: