Moab Appraisal Inc. is a company you can trust when it comes to bank owned properties in Grand
Homes that have reverted to the financial institution's possession and homes in foreclosure bring forth specific appraisal problems.
For a property in foreclosure, you may need to understand the gap between the fair market value and "quick disposition" price to know your possible charge-off liability. At Moab Appraisal Inc., we have the background in both supplying snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your timeline.
You need a company who has the qualifications to deal with the unique dynamics of a foreclosure appraisal. For a company you can count on, contact Moab Appraisal Inc..
Owners of homes in foreclosure, of course, can present specific challenges. They could be opposed to allowing an inspection of the house. Sometimes the subjects have been vandalized, often by the residents themselves. Or, it's likely you'll discover a house at least abandoned or the home neglected for extended periods of time.
You will be interested in a quick disposition if the home has already returned to Real Estate Owned. So you might want to understand and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any repairs performed, with the repairs necessary to make the home marketable at full market value corresponding with similar houses in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely to someone who'd prefer to 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'll need -- competing listings, neighborhood trends, and so forth. You can rely on Moab Appraisal Inc. to handle the task of your REO professionally and efficiently. Contact us today.