The Cary Group is experienced when it comes to bank owned properties in BrentwoodProperties that have reverted to the financial institution's possession and properties in foreclosure bring forth specific appraisal challenges. For a house in foreclosure, you may need to recognize the difference between fair market and "quick disposition" price to know your possible charge-off liability. The Cary Group has the knowledge in both supplying snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your time constraints. We have the training to deal with the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact The Cary Group. Specific challenges might be present when working with owners of homes in foreclosure. They could be unwilling to allow an inspection of the property. If they abandoned the property already, they could have not taken care of the home for quite some time - or unfortunately, ransacked the property. You will be interested in a speedy disposition if the house has already returned to Real Estate Owned. So you may want to know and analyze three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any repairs performed, with the work due to make the home marketable at full market value commensurate with the other homes in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your time line and the unique situation of an REO home, in addition to the unique data you will need -- competing listings, neighborhood trends, and the like. You can count on The Cary Group to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today. |