LK Appraisal Services is experienced when it comes to bank owned properties in ComalHomes in foreclosure and houses that have reverted to the institution's ownership create various appraisal problems. It's vital to recognize the difference between fair market value and "quick disposition" value to know what losses you might realize when dealing with a property in foreclosure. LK Appraisal Services has the training in both presenting snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your timeline. The professionals at LK Appraisal Services have the qualifications to handle the unique dynamics of a foreclosure appraisal. For a company you can trust, contact LK Appraisal Services. Occupants of properties in foreclosure could be disinclined to allow an inspection of the house, thus presenting particular challenges. Sometimes the properties have been vandalized, unfortunately by the former residents. Or, it's common to find a house at least abandoned or the home neglected for extended periods of time. For a property that has already changed to bank owned, you typically will want it off your hands as quickly as possible . But 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 work performed, with the repairs called for to make the house marketable at full market value commensurate with similar homes in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your timeline and the specific circumstances of an REO house, as well as the unique data you'll need -- competing listings, market trends, and so forth. You can rely on LK Appraisal Services to take on the appraisal of your REO professionally and efficiently. Contact us today. |