Salt Lake Appraising Company is experienced when it comes to bank owned properties in Salt LakeProperties that have gone back to the financial institution's possession and properties in foreclosure create various appraisal difficulties. It's important to understand the difference between fair market price and "quick disposition" price to know your possible charge-off liability when dealing with a house in foreclosure. We can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into account your time line. You need a company with the qualifications to deal with the special dynamics of a foreclosure appraisal. Contact Salt Lake Appraising Company for a company you can rely on. Particular challenges may be present when working with owners of property in foreclosure. They might be disinclined to allow an inspection of the home. If they deserted the home already, they might have ignored the care of the house for quite some time - or unfortunately, damaged the property. For a home that has changed to REO, you most likely will be going for a fast resolution . However, you might want to understand and compare three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any work performed, with the repairs necessary to make the house marketable at full market value appropriate with the other houses in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your timeline and the special situation of a Real Estate Owned property, as well as the special data you'll need -- competing listings, neighborhood trends, and so forth. You can count on Salt Lake Appraising Company to take on the task of your REO professionally and efficiently. Contact us today. |