Foreclosure and REO Appraisal in Shelby CountyThere are various appraisal problems for a home in foreclosure or one that has reverted to the bank's holding. When dealing with a property in foreclosure, it's important to recognize the difference between fair market price and "quick disposition" worth to know your possible charge-off liability. Integrated Assets has the experience in both producing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that take into account your urgency. We have the experience to deal with the unique dynamics of a foreclosure appraisal. For a company you can count on, contact Integrated Assets. Owners of properties in foreclosure, of course, can present particular challenges. They may be disinclined to allow an inspection of the house. They may have left the house already and/or overlooked the care of the property for quite awhile - or in some cases damaged the house. You'll be interested in an expedited disposition if the house has already changed to REO. So you might want to know about and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any work done to it, with the repairs necessary to make the home marketable at full market value consistent with competing houses in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your timeline and the specific circumstances of a Real Estate Owned property, in addition to the special information you'll need -- competing listings, neighborhood trends, and the like. You can count on Integrated Assets to take on the task of your bank owned property professionally and efficiently. Contact us today. |