Foreclosure and Real Estate Owned Appraisals in Burt CountyProperties that have reverted to the institution's ownership and properties in foreclosure present unique appraisal challenges. For a home in foreclosure, you should know the difference between the fair market price and "quick disposition" worth to know your potential charge-off liability. At Chad Zink, we have the training in both furnishing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your timeline. We have the training to work with the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact Chad Zink. Owners of properties in foreclosure, of course, can present unique challenges. They might be opposed to allowing an inspection of the house. Sometimes the properties have been ransacked, often by the residents. Or, it's likely you'll find a house at least abandoned or the home languishing in disrepair for extended periods of time. If your house has already gone back to REO, you will interested in an expeditious disposition. But you might want to understand and compare three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any repairs done to it, with the work required to make the property marketable at full market value consistent with similar houses in the neighborhood, 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 special circumstances of a Real Estate Owned home, as well as the special information you will need -- competing listings, market trends, and so forth. You can rely on Chad Zink to take on the appraisal of your bank owned property professionally and efficiently. Contact us today. |