Foreclosure and Real Estate Owned Appraisal in Wake CountyThere are specific appraisal difficulties involved in a property in foreclosure or one that has gone back to the lender's holding. When dealing with a home in foreclosure, it's important to understand the difference between fair market value and "quick disposition" value to evaluate your likely charge-off liability. The professionals at DRA Appraisals, Inc can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time constraints. We have the training to work with the unique dynamics of a foreclosure appraisal. Contact DRA Appraisals, Inc for a company you can rely on. Owners of homes in foreclosure, of course, can present special challenges. They may be uncooperative to allowing an inspection of the home. They might have deserted the property already and/or ignored the care of the house for quite some time - or in some cases intentionally harmed the property. For a house that has already returned to bank owned, you probably will be going for a quick resolution . But you might want to know and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any repairs done to it, with the work called for to make the house marketable at full market value commensurate with competing real estate in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly to someone who'd rather finish the job themselves. Again, we understand your time line and the specific situation of an REO house, in addition to the special information you'll need -- competing listings, neighborhood trends, and the like. You can count on DRA Appraisals, Inc to take on the appraisal of your REO professionally and efficiently. Contact us today. |