Real Estate Owned and Foreclosure Appraisal in Montgomery CountyHouses that have gone back to the institution's ownership and homes in foreclosure create particular appraisal problems. When dealing with a house in foreclosure, you need to recognize the difference between fair market worth and "quick disposition" value to analyze your potential charge-off liability. At H.M. Hoffman & Company, we have the experience in both furnishing snapshots of fair market value for our mortgage clients, in addition to "quick sale" forecasts that understand your urgency. You need a company with the qualifications to handle the special dynamics of a foreclosure appraisal. For a company you can count on, contact H.M. Hoffman & Company. Owners of properties in foreclosure might be opposed to allowing an inspection of the house, thus presenting unique challenges. If they deserted the house already, they could have ignored the care of the property for awhile - or unfortunately, damaged the house. You will be interested in a quick disposition if the property has gone back to REO. So you may want to know about and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any work performed, with the repairs due to make the property marketable at full market value consistent with the other real estate in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly to someone who'd prefer 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 specific information you will need -- competing listings, neighborhood trends, and so forth. You can rely on H.M. Hoffman & Company to take on the task of your bank owned property professionally and efficiently. Contact us today. |