Crest Appraisal Services is a company you can trust when you need appraisals for bank owned properties in King
Homes that have reverted to the bank's holding and homes in foreclosure create various appraisal challenges.
For a home in foreclosure, you should understand the difference between the fair market worth and "quick disposition" to know your likely charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your time line.
We have the training to deal with the specific dynamics of a foreclosure appraisal. Contact Crest Appraisal Services for a company you can count on.
Owners of property in foreclosure, of course, can present unique challenges. They could be unwilling to allow an inspection of the home. If they abandoned the house already, they could have overlooked the care of the home for a long time - or worse, caused damage to the house.
You'll be interested in a speedy disposition if the home has returned to REO. So you may want to know and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the property without any work done to it, with the repairs due to make the home marketable at full market value corresponding with the other houses in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your timeline and the unique circumstances of an REO house, in addition to the unique data you'll need -- competing listings, neighborhood trends, and the like. You can bank on Crest Appraisal Services to handle the task of your bank owned property professionally and efficiently. Contact us today.