Real Estate Owned and Foreclosure Appraisal in Marion CountyThere are special appraisal problems when it comes to a house in foreclosure or one that has returned to the bank's ownership.It's important to differentiate the meanings of "market value" and a "quick disposition" price to know your probable charge-off liability when dealing with a home in foreclosure. The professionals at Carlson Agency LLC can provide both snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your time constraints.
Particular challenges might be present when working with owners of properties in foreclosure. They might be unwilling to allow an inspection of the house. If they left the home already, they could have overlooked the care of the home for some time - or worse, ransacked the property.
For a house that has already reverted to Real Estate Owned, you most likely will want it off your hands as quickly as possible. In any case, you'll still want to consider three ways of determining the value of the asset (or in some cases, liability): |