Cynthia A Davis (804) 262-5658 is experienced when you need appraisals for bank owned properties in Sandston, VirginiaThere are specific appraisal challenges regarding a home in foreclosure or one that has reverted to the lender's possession.
It's important to understand the meanings of "market value" and a "quick disposition" price to know what losses you stand to sustain when dealing with a property in foreclosure. Cynthia A Davis (804) 262-5658 has the training in both presenting snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time line.
Occupants of homes in foreclosure may be uncooperative to allowing an inspection of the home, thus presenting special challenges. If they have abandoned the house already, they may have not taken care of the property for some time - or even worse, caused damage to the property.
If you're dealing with home that has returned to REO, you will interested in an expedited disposition. However, you might want to understand and compare three values: as-is, as repaired, and "quick sale". These represent: