REO and Foreclosure Appraisals in Saint Louis CountyProperties that have returned to the institution's holding and homes in foreclosure present particular appraisal challenges.
You should understand the meanings of "market value" and a "quick disposition" assessment to analyze what losses you might realize when dealing with a home in foreclosure. Accurate Assessments, LLC has the training in both presenting snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into consideration your time constraints.
Owners of properties in foreclosure can present particular challenges. For example, they could be opposed to allowing us access to the property. If they have abandoned the property already, they might have overlooked the care of the house for quite awhile - or worse, damaged the house.
You will be interested in an expeditious disposition if the property has gone back to bank owned. So you need to know about and review three values: "as-is", "as repaired", and "quick sale". These symbolize: