Foreclosure Appraisal in Cuyahoga CountyHouses that have returned to the financial institution's control and homes in foreclosure bring forth unique appraisal problems. When there is a house in foreclosure, you need to know the difference between fair market price and "quick disposition" price to evaluate your possible charge-off liability. At Crawford Romans Appraisal Services, we have the training in both producing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time line. You need a company who has the experience to work with the unique dynamics of a foreclosure appraisal. Contact Crawford Romans Appraisal Services for a company you can rely on. Owners of property in foreclosure, of course, can present specific challenges. They could be uncooperative to allowing an inspection of the home. They could have deserted the property already and/or ignored the care of the house for quite awhile - or even worse, caused damage to the house. You will be interested in a speedy disposition if the home has already changed to Real Estate Owned. So you need to understand and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any work done to it, with the work needed to make the property marketable at full market value commensurate with the other real estate in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your timeline and the specific circumstances of a bank owned house, in addition to the special data you will need -- competing listings, neighborhood trends, and the like. You can count on Crawford Romans Appraisal Services to take on the appraisal of your bank owned property professionally and efficiently. Contact us today. |