Real Estate Owned Appraisals in Winnebago CountyThere are various appraisal challenges involved in a home in foreclosure or one that has returned to the financial institution's holding. When there is a home in foreclosure, you should ascertain the difference between fair market value and "quick disposition" worth to evaluate your potential charge-off liability. At Stammer Appraisal Inc., we have the background in both presenting snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your time constraints. You need a company who has the qualifications to handle the particular dynamics of a foreclosure appraisal. For a company you can count on, contact Stammer Appraisal Inc.. Owners of homes in foreclosure could be disinclined to allow an inspection of the home, thus presenting specific challenges. They could have moved out of the home already and/or neglected care of the house for quite awhile - or in some cases intentionally harmed the house. If your house has changed to bank owned, you will interested in a fast disposition. However, you might want to know about and review three values: as-is, as repaired, and "quick sale." These represent the value of the house without any work performed, with the repairs due to make the house marketable at full market value comparable with competing houses in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your timeline and the specific situation of a Real Estate Owned house, in addition to the specific information you'll need -- competing listings, market trends, and so forth. You can count on Stammer Appraisal Inc. to handle the appraisal of your bank owned property professionally and efficiently. Contact us today. |