REO and Foreclosure Appraisal in Kitsap County
There are unique appraisal difficulties for a property in foreclosure or one that has reverted to the financial institution's control.
You need to recognize the difference between fair market value and "quick disposition" price to evaluate your probable write-down liability when dealing with a house in foreclosure. The professionals at Sound Appraisal Group, Inc can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your timeline.
Sound Appraisal Group, Inc has the training to work with the special dynamics of a foreclosure appraisal. For a company you can trust, contact Sound Appraisal Group, Inc.
Owners of houses in foreclosure, of course, can present specific challenges. They might be opposed to allowing an inspection of the house. They could have moved out of the home already and/or ignored the care of the home for a long time - or worse, vandalized the house.
If your house has already gone back to Real Estate Owned, you will interested in an expedited disposition. But you might want to know and review three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any work performed, with the repairs required to make the property marketable at full market value appropriate with competing homes in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your time line and the specific circumstances of a bank owned house, as well as the specific information you'll need -- competing listings, neighborhood trends, and so forth. You can bank on Sound Appraisal Group, Inc to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.