REO and Foreclosure Appraisal in Fairfax CountyProperties in foreclosure and houses that have gone back to the financial institution's ownership create particular appraisal problems. When dealing with a property in foreclosure, you need to know the difference between fair market worth and "quick disposition" price to analyze your possible charge-off liability. Alliance Appraisal, Inc. has the background in both furnishing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your time constraints. Alliance Appraisal, Inc. has the experience to handle the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact Alliance Appraisal, Inc.. Owners of properties in foreclosure, of course, can present specific challenges. They may be disinclined to allow an inspection of the house. Often the homes have been intentionally damaged, unfortunately by the former residents. Or, it's common to discover the previous owners have moved out or the home neglected for extended periods of time. You will be interested in a speedy disposition if the house has changed to Real Estate Owned. So you need to understand and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any repairs performed, with the repairs due to make the house marketable at full market value appropriate with competing homes in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your timeline and the unique situation of a Real Estate Owned house, as well as the special information you'll need -- competing listings, market trends, and the like. You can bank on Alliance Appraisal, Inc. to handle the task of your bank owned property professionally and efficiently. Contact us today. |