Foreclosure and Real Estate Owned Appraisal in Monroe CountyHouses that have returned to the financial institution's possession and houses in foreclosure create unique appraisal difficulties. It's important to understand the difference between fair market worth and "quick disposition" worth to know what losses you might realize when dealing with a home in foreclosure. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into account your timeline. The professionals at Mark Harris have the qualifications to handle the unique dynamics of a foreclosure appraisal. Contact Mark Harris for a company you can trust. Occupants of properties in foreclosure may be uncooperative to allowing an inspection of the home, thus presenting specific challenges. They might have deserted the property already and/or ignored the care of the house for a long time - or worse, damaged the home. If your property has changed to REO, you will interested in an expedited disposition. But you may want to understand and review three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any work done to it, with the repairs necessary to make the property marketable at full market value corresponding with competing real estate in the area, 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 urgency and the specific situation of a bank owned property, as well as the specific information you will need -- competing listings, neighborhood trends, and the like. You can rely on Mark Harris to take on the appraisal of your REO professionally and efficiently. Contact us today. |