Castle Appraisal Service is experienced with bank owned properties in Montgomery County
There are special appraisal difficulties when we're talking about a property in foreclosure or one that has returned to the lender's holding.
When dealing with a property in foreclosure, it's important to recognize the difference between fair market worth and "quick disposition" worth to know your probable charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that take into consideration your timeline.
You need a company with the training to deal with the special dynamics of a foreclosure appraisal. For a company you can count on, contact Castle Appraisal Service .
Particular challenges can be present when dealing with owners of property in foreclosure. They may be unwilling to allow an inspection of the home. Sometimes the subjects have been intentionally damaged, often at the hands of the former residents. Or, it's common to find the residents have moved out or the home neglected for long of time.
If your house has already reverted to REO, you will interested in a speedy disposition. But you may want to know and review three values: as-is, as repaired, and "quick sale." These represent the value of the property without any work done to it, with the repairs needed to make the property marketable at full market value comparable with the other real estate in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your time line and the unique circumstances of an REO home, as well as the unique information you will need -- competing listings, market trends, and the like. You can count on to handle the task of your bank owned property with expertise and professionalism. Contact us today.