May Appraisal Service, Inc is experienced when it comes to bank owned properties in RankinThere are various appraisal problems regarding a home in foreclosure or one that has returned to the institution's control. When there is a house in foreclosure, it's important to know the difference between fair market price and "quick disposition" price to evaluate your probable charge-off liability. At May Appraisal Service, Inc, we have the experience in both supplying snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your time constraints. May Appraisal Service, Inc has the qualifications to work with the special dynamics of a foreclosure appraisal. Contact May Appraisal Service, Inc for a company you can count on. Special challenges can be present when working with owners of properties in foreclosure. They might be opposed to allowing an inspection of the property. Often the houses have been vandalized, unfortunately by the former residents themselves. Or, it's likely you'll discover a house at least abandoned or the home neglected for long of time. If your home has gone back to REO, you will interested in a quick disposition. But you may want to know about and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any repairs performed, with the work due to make the home marketable at full market value appropriate with competing properties in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your timeline and the special circumstances of a Real Estate Owned property, as well as the unique data you'll need -- competing listings, market trends, and so forth. You can rely on May Appraisal Service, Inc to take on the appraisal of your REO professionally and efficiently. Contact us today. |