HLC Property Appraisals is experienced when you need appraisals for foreclosuresReal Estate in foreclosure and houses that have reverted to the lender's control present unique appraisal challenges. For a house in foreclosure, you might need to recognize the gap between fair market price and "quick disposition" to know your possible charge-off liability. HLC Property Appraisal has the background in both supplying snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your time constraints. Special challenges might be present when working with owners of homes in foreclosure. They could be uncooperative to allowing an inspection of the property. They might have deserted the house already and/or ignored the care of the home for awhile - or worse, damaged the home. If your house has already returned to bank owned, you will interested in a fast disposition. But you may want to know and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any repairs performed, with the work called for to make the home marketable at full market value corresponding with competing real estate in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely to someone who'd prefer to finish the job themselves. Again, I understand your time line and the specific situation of a bank owned house, in addition to the specific data you'll need -- competing listings, market trends, and so forth. You can bank on HLC Property Appraisals to take on the task of your bank owned property professionally and efficiently. |