Foreclosure and Real Estate Owned Appraisals in Barton CountyHouses in foreclosure and homes that have returned to the financial institution's control create specific appraisal challenges.
When there is a house in foreclosure, it's important to recognize market value versus a "quick disposition" value to evaluate your probable charge-off liability. The professionals at Appraisal Service and Solutions, LLC can provide both snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your pressing needs.
Owners of properties in foreclosure, naturally, can present specific challenges. They could be disinclined to allow an inspection of the house. If they left the house already, they might have not taken care of the house for some time - or even worse, damaged the home.
For a home that has already gone back to Real Estate Owned, you likewise will be interested in a fast resolution. Regardless, you'll still want to consider three ways of determining the value of the asset: