Foreclosure and REO Appraisal in Pinal CountyHouses in foreclosure and houses that have gone back to the institution's possession present special appraisal difficulties.You need to know the meanings of "market value" and a "quick disposition" price to analyze what losses you could have to endure when dealing with a house in foreclosure. At Hillman Appraisal Services, we have the experience in both furnishing snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that factor in your time constraints.
Particular challenges may be present when dealing with owners of properties in foreclosure. They could be opposed to allowing an inspection of the property. If they have abandoned the home already, they may have neglected care of the property for awhile - or worse, ransacked the house.
For real estate that has gone back to Real Estate Owned, you most likely will be interested in an expeditious resolution. In any case, you'll still want to consider three ways of figuring the value of the real estate at hand: |