Foreclosure Appraisal in Cuyahoga CountyHouses in foreclosure and homes that have gone back to the institution's possession create particular appraisal problems. For a property in foreclosure, you may need to know the difference between the fair market value and "quick disposition" worth to know your likely charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your urgency. We have the expertise to deal with the specific dynamics of a foreclosure appraisal. Contact Plus One Appraisals for a company you can trust. Owners of houses in foreclosure, of course, can present specific challenges. They could be unwilling to allow an inspection of the property. Sometimes the subjects show signs of vandalism, often by the former residents. Or, it's common to find a house at least abandoned or the home languishing in disrepair for extended periods of time. If your property has already changed to bank owned, you will interested in a fast disposition. But you might want to understand and analyze three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any repairs performed, with the repairs due to make the property marketable at full market value comparable with the other houses in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably to someone who'd prefer to finish the job themselves. Again, we understand your time line and the special circumstances of an REO home, in addition to the special information you'll need -- competing listings, market trends, and so forth. You can rely on Plus One Appraisals to handle the appraisal of your REO with expertise and professionalism. Contact us today. |