Foreclosure Appraisal in Waukesha CountyThere are unique appraisal challenges regarding a property in foreclosure or one that has gone back to the bank's possession. When there is a property in foreclosure, you should understand the difference between fair market price and "quick disposition" price to know your potential charge-off liability. At Pelikan and Co, we have the knowledge in both producing snapshots of fair market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that understand your urgency. We have the qualifications to work with the particular dynamics of a foreclosure appraisal. For a company you can trust, contact Pelikan and Co. Particular challenges can be present when dealing with owners of homes in foreclosure. They might be opposed to allowing an inspection of the house. Often the houses have been vandalized, unfortunately by the former residents. Or, it's common to discover a house at least abandoned or the home languishing in disrepair for long of time. If your home has gone back to bank owned, you will interested in a speedy disposition. However, you might want to know about and compare three values: as-is, as repaired, and "quick sale." These represent the value of the home without any work done to it, with the work needed to make the house marketable at full market value comparable with competing homes in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely to someone who'd rather finish the job themselves. Again, we understand your urgency and the unique circumstances of an REO house, as well as the specific data you'll need -- competing listings, neighborhood trends, and so forth. You can count on Pelikan and Co to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today. |