Foreclosure Appraisals in King CountyThere are various appraisal difficulties when we're talking about a home in foreclosure or one that has returned to the lender's possession. For a house in foreclosure, you should recognize the gap between fair market worth and "quick disposition" price to know your potential charge-off liability. Crest Appraisal Services has the training in both furnishing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your time constraints. Crest Appraisal Services has the qualifications to deal with the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact Crest Appraisal Services. Owners of houses in foreclosure, of course, can present special challenges. They might be unwilling to allow an inspection of the property. Often the subjects show signs of vandalism, unfortunately at the hands of the former residents themselves. Or, it's likely you'll find nobody has lived in house for months or the home languishing in disrepair for long of time. If your house has already changed to bank owned, you will interested in an expedited disposition. However, you may want to know and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any repairs done to it, with the work due to make the house marketable at full market value comparable with competing real estate in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your timeline and the unique circumstances of an REO property, as well as the unique data you will need -- competing listings, neighborhood trends, and so forth. You can bank on Crest Appraisal Services to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today. |