Foreclosure and Real Estate Owned Appraisals in Frederick CountyProperties in foreclosure and homes that have returned to the financial institution's control present special appraisal challenges.For a property in foreclosure, you would be wise to recognize the difference between the market price and a "quick disposition" to know your potential charge-off liability. Six, McClain & Associates, 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 pressing needs.
Occupants of homes in foreclosure could be uncooperative to allowing an inspection of the house, thus presenting specific challenges. They might have left the home already and/or ignored the care of the home for a long time - or in some cases caused damage to the home.
If you're dealing with home that has already reverted to bank owned, you will interested in an expeditious disposition. However, you might want to know about and review three values: as-is, as repaired, and "quick sale". These correspond to: |