Tri-County Appraisal Group, Inc. is experienced when it comes to bank owned properties in Wayne
Houses in foreclosure and houses that have returned to the financial institution's ownership present unique appraisal difficulties.
When there is a home in foreclosure, it's important to ascertain the difference between fair market value and "quick disposition" price to analyze your probable charge-off liability. Tri-County Appraisal Group, Inc. has the training in both furnishing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into consideration your timeline.
You need a company who has the training to handle the particular dynamics of a foreclosure appraisal. For a company you can trust, contact Tri-County Appraisal Group, Inc..
Owners of in foreclosure may be unwilling to allow an inspection of the house, thus presenting specific challenges. If they left the property already, they might have overlooked the care of the home for some time - or unfortunately, ransacked the home.
For real estate that has reverted to REO, you most likely will be seeking a fast disposition . However, you might want to know and compare three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any repairs done to it, with the repairs necessary to make the home marketable at full market value corresponding with competing real estate in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your urgency and the unique circumstances of a Real Estate Owned home, as well as the unique data you will need -- competing listings, market trends, and the like. You can count on Tri-County Appraisal Group, Inc. to handle the task of your bank owned property professionally and efficiently. Contact us today.