Foreclosure and REO Appraisal in Kitsap County
There are particular appraisal problems when it comes to a home in foreclosure or one that has reverted to the financial institution's holding.
For a home in foreclosure, you might need to know the difference between fair market and "quick disposition" to know your likely charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your urgency.
You need a company who has the expertise to deal with the particular dynamics of a foreclosure appraisal. For a company you can trust, contact Sound Appraisal Group, Inc.
Unique challenges can be present when working with owners of properties in foreclosure. They might be uncooperative to allowing an inspection of the property. Often the houses have been intentionally damaged, unfortunately by the residents. Or, it's common to find the previous owners have moved out or the home neglected for extended periods of time.
You will be interested in a fast disposition if the home has gone back to REO. So you might want to know and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any repairs done to it, with the work due to make the house marketable at full market value consistent with the other houses in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your time line and the unique situation of an REO home, in addition to the special data you will need -- competing listings, market trends, and the like. You can rely on Sound Appraisal Group, Inc to handle the appraisal of your REO with expertise and professionalism. Contact us today.