REO and Foreclosure Appraisals in Lane CountyHouses that have reverted to the institution's ownership and homes in foreclosure create unique appraisal challenges. For a property in foreclosure, you may need to understand the difference between fair market and "quick disposition" value to know your possible charge-off liability. The professionals at Jennifer Quinn Appraisals, Inc can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into account your time line. Jennifer Quinn Appraisals, Inc has the qualifications to deal with the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact Jennifer Quinn Appraisals, Inc. Unique challenges can be present when working with owners of houses in foreclosure. They might be opposed to allowing an inspection of the property. They may have deserted the house already and/or ignored the care of the home for awhile - or unfortunately, damaged the property. You'll be interested in an expedited disposition if the house has already gone back to REO. So you may want to understand and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any work done to it, with the repairs due to make the property marketable at full market value consistent with competing houses in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your urgency and the special circumstances of a Real Estate Owned house, in addition to the unique information you'll need -- competing listings, market trends, and so forth. You can rely on Jennifer Quinn Appraisals, Inc to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today. |