REO Appraisals in Providence CountyProperties that have reverted to the bank's control and homes in foreclosure bring forth particular appraisal difficulties. When dealing with a property in foreclosure, you need to differentiate the difference between fair market worth and "quick disposition" price to know your possible charge-off liability. The professionals at AMC Appraisal Co., Inc can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your time line. You need a company who has the training to deal with the particular dynamics of a foreclosure appraisal. Contact AMC Appraisal Co., Inc for a company you can rely on. Particular challenges can be present when dealing with owners of property in foreclosure. They may be unwilling to allow an inspection of the property. Often the homes show signs of vandalism, often at the hands of the former residents. Or, it's common to find nobody has occupied the house for months or the home neglected for extended periods of time. For a property that has changed to bank owned, you most likely will want to get rid of it quickly . But you may want to know about and review three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any repairs performed, with the repairs called for to make the property marketable at full market value comparable with similar real estate in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your urgency and the unique situation of a bank owned property, in addition to the unique data you will need -- competing listings, neighborhood trends, and the like. You can bank on AMC Appraisal Co., Inc to handle the task of your REO with expertise and professionalism. Contact us today. |