REO and Foreclosure Appraisal in Lake CountyHomes in foreclosure and homes that have gone back to the bank's holding bring forth various appraisal difficulties. When dealing with a property in foreclosure, you need to differentiate the difference between fair market price and "quick disposition" worth to know your possible charge-off liability. At OCR Appraisal Service LLC, we have the background in both producing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your timeline. You need a company who has the expertise to deal with the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact OCR Appraisal Service LLC. Owners of property in foreclosure could be uncooperative to allowing an inspection of the property, thus presenting special challenges. They might have moved out of the property already and/or ignored the care of the home for quite awhile - or even worse, damaged the property. You will be interested in a quick disposition if the home has already returned to REO. So you may want to know and analyze three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any repairs performed, with the repairs required to make the house marketable at full market value consistent with the other houses in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your time line and the unique circumstances of a bank owned house, in addition to the special data you will need -- competing listings, neighborhood trends, and the like. You can rely on OCR Appraisal Service LLC to take on the appraisal of your REO professionally and efficiently. Contact us today. |