REO and Foreclosure Appraisals in Androscoggin CountyProperties in foreclosure and homes that have gone back to the lender's possession bring forth special appraisal difficulties.
When dealing with a home in foreclosure, it's important to ascertain market value versus a "quick disposition" value to know your possible charge-off liability. Amerifirst Appraisal Company, Inc. has the experience in both providing snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into consideration your time constraints.
Special challenges might be present when dealing with owners of houses in foreclosure. They might be opposed to allowing an inspection of the house. If they deserted the home already, they could have ignored the care of the property for quite awhile - or even worse, caused damage to the home.
If you're dealing with property that has already changed to Real Estate Owned, you will interested in a quick disposition. However, you may want to understand and compare three values: as-is, as repaired, and "quick sale". These represent: