Crane Appraisal Service is experienced when it comes to foreclosure propertyHomes that have gone back to the bank's control and homes in foreclosure present unique appraisal difficulties. When there is a home in foreclosure, you should recognize the difference between fair market worth and "quick disposition" value to analyze your potential charge-off liability. Crane Appraisal Service has the experience in both supplying snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into consideration your time line. You need a company with the expertise to deal with the special dynamics of a foreclosure appraisal. For a company you can trust, contact Crane Appraisal Service. Owners of homes in foreclosure, of course, can present special challenges. They could be uncooperative to allowing an inspection of the house. If they deserted the house already, they might have overlooked the care of the house for quite some time - or even worse, damaged the house. For real estate that has already reverted to Real Estate Owned, you most likely will want it off your hands as quickly as possible . However, you might want to understand and examine three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any repairs performed, with the repairs required to make the house marketable at full market value consistent with similar homes in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your time line and the special situation of a Real Estate Owned property, as well as the special data you'll need -- competing listings, market trends, and so forth. You can count on Crane Appraisal Service to handle the task of your bank owned property with expertise and professionalism. Contact us today. |