Foreclosure and Real Estate Owned Appraisal in Cumberland CountyThere are various appraisal difficulties involved in a property in foreclosure or one that has reverted to the lender's control. For a house in foreclosure, you need to recognize the gap between fair market worth and "quick disposition" worth to know your likely charge-off liability. At Northstar Appraisal, Inc., we have the training in both supplying snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your urgency. You need a company with the training to deal with the particular dynamics of a foreclosure appraisal. For a company you can count on, contact Northstar Appraisal, Inc.. Owners of homes in foreclosure, of course, can present particular challenges. They may be unwilling to allow an inspection of the house. They might have deserted the house already and/or ignored the care of the home for some time - or worse, vandalized the property. For a property that has reverted to REO, you typically will want it off your hands as quickly as possible . But you might want to know about and examine three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any repairs done to it, with the repairs necessary to make the home marketable at full market value consistent with the other properties in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your urgency and the unique circumstances of a bank owned house, in addition to the special information you'll need -- competing listings, market trends, and so forth. You can rely on Northstar Appraisal, Inc. to take on the task of your bank owned property professionally and efficiently. Contact us today. |