Real Estate Owned and Foreclosure Appraisal in Fairfield CountyProperties that have reverted to the financial institution's holding and homes in foreclosure present unique appraisal challenges. For a property in foreclosure, you should know the difference between fair market worth and "quick disposition" price to know your potential charge-off liability. C-A Young has the training in both providing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into consideration your urgency. You need a company who has the experience to work with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact C-A Young. Specific challenges can be present when working with owners of properties in foreclosure. They could be disinclined to allow an inspection of the house. They may have deserted the home already and/or overlooked the care of the property for some time - or gone as far as intentionally harmed the property. For a property that has reverted to REO, you probably will want it off your hands as quickly as possible . But you might want to know and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any repairs performed, with the work called for to make the house marketable at full market value comparable with competing houses in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your time line and the unique situation of a Real Estate Owned home, in addition to the special data you will need -- competing listings, neighborhood trends, and so forth. You can bank on C-A Young to take on the task of your bank owned property professionally and efficiently. Contact us today. |