Real Estate Owned Appraisals in Minnehaha CountyHomes in foreclosure and properties that have reverted to the institution's control bring forth specific appraisal difficulties. For a house in foreclosure, you might need to recognize the difference between fair market worth and "quick disposition" value to know your probable charge-off liability. TLT Appraisal Service has the background in both presenting snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your time line. You need a company who has the experience to deal with the special dynamics of a foreclosure appraisal. Contact TLT Appraisal Service for a company you can rely on. Unique challenges may be present when working with owners of homes in foreclosure. They could be disinclined to allow an inspection of the home. They may have moved out of the house already and/or neglected care of the house for a long time - or even worse, damaged the home. For real estate that has returned to Real Estate Owned, you most likely will want it off your hands as quickly as possible . However, you may want to know and examine three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any repairs performed, with the repairs necessary to make the home marketable at full market value comparable with competing properties in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, seemingly to someone who'd prefer to finish the job themselves. Again, we understand your time line and the unique situation of an REO home, as well as the specific data you will need -- competing listings, neighborhood trends, and the like. You can rely on TLT Appraisal Service to take on the appraisal of your REO professionally and efficiently. Contact us today. |