REO Appraisal in Multnomah CountyHouses in foreclosure and homes that have gone back to the financial institution's control create unique appraisal difficulties.You should know the meanings of "market value" and a "quick disposition" assessment to know your potential charge-off liability when dealing with a house in foreclosure. Real Value Residential Appraisal Services, LLC has the training in both furnishing snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your time line.
Occupants of property in foreclosure could be opposed to allowing an inspection of the house, thus presenting unique challenges. Often the homes have been vandalized, often by the former residents. Or, it's common to discover a house at a minimum abandoned or the home languishing in disrepair for extended periods of time.
If you're dealing with property that has gone back to bank owned, you will interested in a quick disposition. However, you may want to know and review three values: as-is, as repaired, and "quick sale". These correspond to: |