Foreclosure Appraisals in Sullivan CountyThere are various appraisal challenges when it comes to a house in foreclosure or one that has gone back to the financial institution's holding. When there is a house in foreclosure, it's important to recognize the difference between fair market worth and "quick disposition" value to know your possible charge-off liability. REVARI (Real Estate Valuation and Research Inc.) has the training in both supplying snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your urgency. We have the training to deal with the special dynamics of a foreclosure appraisal. For a company you can rely on, contact REVARI (Real Estate Valuation and Research Inc.). Occupants of houses in foreclosure may be unwilling to allow an inspection of the property, thus presenting unique challenges. Sometimes the subjects have been intentionally damaged, often at the hands of the residents themselves. Or, it's likely you'll discover a house at a minimum abandoned or the home neglected for long of time. You'll be interested in a quick disposition if the property has already reverted to Real Estate Owned. So you may want to know and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the home without any work done to it, with the repairs due to make the property marketable at full market value consistent with the other homes in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your urgency and the specific situation of a Real Estate Owned home, as well as the special information you'll need -- competing listings, neighborhood trends, and the like. You can rely on REVARI (Real Estate Valuation and Research Inc.) to handle the appraisal of your REO professionally and efficiently. Contact us today. |