REO Appraisal in Pearl River CountyHouses in foreclosure and properties that have reverted to the institution's control create specific appraisal challenges. For a home in foreclosure, you should know the gap between fair market worth and "quick disposition" worth to know your possible charge-off liability. Cooper Associates has the knowledge in both producing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into consideration your timeline. Cooper Associates has the training to work with the special dynamics of a foreclosure appraisal. For a company you can count on, contact Cooper Associates. Owners of properties in foreclosure, of course, can present unique challenges. They may be unwilling to allow an inspection of the property. They could have deserted the property already and/or neglected care of the home for a long time - or unfortunately, ransacked the house. You will be interested in an expedited disposition if the house has gone back to Real Estate Owned. So you may want to know and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any work done to it, with the work needed to make the house marketable at full market value corresponding with similar houses in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your time line and the specific situation of an REO home, in addition to the specific information you will need -- competing listings, market trends, and so forth. You can rely on Cooper Associates to take on the appraisal of your REO with expertise and professionalism. Contact us today. |