Bob Hayes Real Estate Appraiser is the company you should trust when it comes to bank owned properties in Anchorage CountyThere are specific appraisal difficulties when we're talking about a home in foreclosure or one that has reverted to the lender's possession.
You need to ascertain the meanings of "market value" and a "quick disposition" assessment to analyze what losses you might realize when dealing with a home in foreclosure. We can provide both snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your pressing needs.
Owners of properties in foreclosureunfortunately can present specific challenges. For example, they might be uncooperative when it comes to allowing an inspection of the house. They might have moved out of the property already and/or ignored the care of the home for some time - or worse, damaged the house.
If you're dealing with home that has already gone back to REO, you will interested in an expedited disposition. However, you might want to understand and compare three values: as-is, as repaired, and "quick sale". These correspond to: