Crest Appraisal Services is a company you can trust when it comes to foreclosures in King
Properties that have reverted to the institution's possession and houses in foreclosure bring forth various appraisal challenges.
For a property in foreclosure, you should recognize the gap between fair market worth and "quick disposition" price to know your possible charge-off liability. The professionals at Crest Appraisal Services can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your urgency.
We have the expertise to handle the particular dynamics of a foreclosure appraisal. For a company you can count on, contact Crest Appraisal Services.
Specific challenges may be present when dealing with owners of houses in foreclosure. They could be disinclined to allow an inspection of the property. If they have abandoned the home already, they may have not taken care of the house for some time - or unfortunately, damaged the home.
For real estate that has reverted to Real Estate Owned, you most likely will want to get rid of it quickly . However, you may want to understand and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any work performed, with the repairs required to make the house marketable at full market value corresponding with similar houses in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly to someone who'd rather finish the job themselves. Again, we understand your timeline and the specific circumstances of a Real Estate Owned property, in addition to the special information you will need -- competing listings, market trends, and so forth. You can count on Crest Appraisal Services to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.