Foreclosure Appraisal in Trinity County
There are unique appraisal challenges involved in a house in foreclosure or one that has reverted to the financial institution's holding.
For a property in foreclosure, you need to know the difference between fair market and "quick disposition" price to know your probable charge-off liability. Nedra Colvin Appraisal Services has the background in both providing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your urgency.
The professionals at Nedra Colvin Appraisal Services have the training to handle the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact Nedra Colvin Appraisal Services.
Unique challenges can be present when dealing with owners of homes in foreclosure. They may be unwilling to allow an inspection of the house. Sometimes the properties show signs of vandalism, often at the hands of the former residents themselves. Or, it's common to find nobody has occupied the house for months or the home languishing in disrepair for long of time.
For a house that has already returned to bank owned, you probably will want to get rid of it quickly . However, you might want to understand and review three values: as-is, as repaired, and "quick sale." These represent the value of the house without any repairs done to it, with the work needed to make the house marketable at full market value comparable with the other properties in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your urgency and the unique circumstances of a bank owned property, as well as the unique data you'll need -- competing listings, neighborhood trends, and so forth. You can rely on Nedra Colvin Appraisal Services to handle the task of your REO professionally and efficiently. Contact us today.