Foreclosure and Real Estate Owned Appraisals in King County
Homes that have reverted to the institution's holding and properties in foreclosure bring forth specific appraisal difficulties.
For a house in foreclosure, you should know the difference between fair market worth and "quick disposition" to know your possible charge-off liability. Crest Appraisal Services has the knowledge in both providing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your timeline.
Crest Appraisal Services has the expertise to handle the unique dynamics of a foreclosure appraisal. Contact Crest Appraisal Services for a company you can trust.
Owners of property in foreclosure, of course, can present special challenges. They may be disinclined to allow an inspection of the home. If they have abandoned the property already, they could have not taken care of the home for some time - or worse, caused damage to the property.
You will be interested in a speedy disposition if the house has already reverted to REO. So you might want to understand and compare three values: as-is, as repaired, and "quick sale." These represent the value of the home without any repairs done to it, with the repairs called for to make the home marketable at full market value commensurate with the other real estate in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your timeline and the specific circumstances of an REO home, in addition to the unique data you'll need -- competing listings, market trends, and so forth. You can rely on Crest Appraisal Services to take on the task of your REO with expertise and professionalism. Contact us today.