Blue Ridge Appraisal Group, LLC is experienced when it comes to bank owned properties in Blue RidgeProperties that have gone back to the institution's ownership and homes in foreclosure present special appraisal difficulties. You should differentiate the difference between fair market worth and "quick disposition" worth to know your likely charge-off liability when dealing with a house in foreclosure. The professionals at Blue Ridge Appraisal Group, LLC can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your time line. We have the training to handle the special dynamics of a foreclosure appraisal. Contact Blue Ridge Appraisal Group, LLC for a company you can count on. Owners of houses in foreclosure, of course, can present particular challenges. They could be uncooperative to allowing an inspection of the home. If they left the home already, they could have overlooked the care of the home for quite awhile - or worse, caused damage to the property. For real estate that has already changed to Real Estate Owned, you likewise will be seeking an expeditious resolution . But you might want to understand and analyze three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any repairs performed, with the work called for to make the house marketable at full market value appropriate with competing homes in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your time line and the unique circumstances of a Real Estate Owned house, in addition to the special information you'll need -- competing listings, neighborhood trends, and so forth. You can bank on Blue Ridge Appraisal Group, LLC to handle the appraisal of your REO with expertise and professionalism. Contact us today. |