REO and Foreclosure Appraisal in Medina CountyHouses in foreclosure and homes that have reverted to the bank's control create particular appraisal difficulties. For a home in foreclosure, you may need to recognize the gap between fair market value and "quick disposition" worth to know your probable charge-off liability. At Medina Appraisal Company, we have the training in both presenting snapshots of fair market value for our mortgage clients, in addition to "quick sale" forecasts that understand your timeline. You need a company who has the training to deal with the specific dynamics of a foreclosure appraisal. For a company you can trust, contact Medina Appraisal Company. Special challenges can be present when dealing with owners of properties in foreclosure. They may be unwilling to allow an inspection of the property. If they have abandoned the home already, they could have neglected care of the house for a long time - or worse, ransacked the property. You'll be interested in an expeditious disposition if the house has changed to REO. So you might want to understand and compare three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any work done to it, with the repairs necessary to make the house marketable at full market value corresponding with the other houses in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your time line and the special situation of an REO home, in addition to the specific data you will need -- competing listings, neighborhood trends, and the like. You can rely on Medina Appraisal Company to handle the appraisal of your bank owned property professionally and efficiently. Contact us today. |