Affiliated Appraisal Services is experienced when it comes to foreclosures in Kenduskeag, MaineThere are unique appraisal difficulties when we're talking about a property in foreclosure or one that has gone back to the financial institution's possession.It's key to ascertain the meanings of "market value" and a "quick disposition" assessment to know your possible write-down liability when dealing with a property in foreclosure. Affiliated Appraisal Services has the knowledge in both presenting snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into consideration your time line.
Owners of properties in foreclosure, of course, can present specific challenges. For example, they could be opposed to allowing the appraiser access to the property. Sometimes the homes show signs of vandalism, often at the hands of the former residents themselves. Or, it's likely you'll discover a house at a minimum abandoned or the home neglected for extended periods of time.
You'll be interested in an expeditious disposition if the property has already changed to Real Estate Owned. So you may want to know and analyze three values: "as-is", "as repaired", and "quick sale". These represent: |