REO and Foreclosure Appraisals in Salt Lake CountyHomes that have returned to the financial institution's holding and homes in foreclosure bring forth specific appraisal difficulties. For a house in foreclosure, you need to recognize the difference between fair market price and "quick disposition" to know your potential charge-off liability. At USAppraisers, we have the experience in both providing snapshots of fair market value for our mortgage lending and servicing clients, in addition to "quick sale" forecasts that understand your time line. You need a company with the qualifications to deal with the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact USAppraisers. Owners of homes in foreclosure, of course, can present particular challenges. They might be disinclined to allow an inspection of the property. They could have abandoned the house already and/or overlooked the care of the property for quite some time - or gone as far as caused damage to the property. If your home has gone back to REO, you will interested in an expedited disposition. However, you might want to understand and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any repairs performed, with the repairs needed to make the house marketable at full market value commensurate with competing properties in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your time line and the unique circumstances of a bank owned home, as well as the special data you'll need -- competing listings, market trends, and the like. You can bank on USAppraisers to take on the task of your bank owned property professionally and efficiently. Contact us today. |