Foreclosure and Real Estate Owned Appraisal in Grand CountyHouses in foreclosure and properties that have gone back to the bank's holding bring forth unique appraisal difficulties. When there is a house in foreclosure, it's important to ascertain the difference between fair market worth and "quick disposition" price to evaluate your possible charge-off liability. At DRM Appraisals, we have the training in both providing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your urgency. You need a company with the expertise to deal with the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact DRM Appraisals. Occupants of properties in foreclosure could be disinclined to allow an inspection of the property, thus presenting unique challenges. If they left the property already, they might have ignored the care of the house for a long time - or unfortunately, damaged the house. If your house has reverted to REO, you will interested in an expeditious disposition. However, you may want to know about and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any work done to it, with the work necessary to make the house marketable at full market value consistent with similar properties in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely to someone who'd prefer to finish the job themselves. Again, we understand your time line and the specific circumstances of a bank owned property, as well as the special data you'll need -- competing listings, market trends, and so forth. You can bank on DRM Appraisals to handle the appraisal of your bank owned property professionally and efficiently. Contact us today. |