Real Estate Owned Appraisals in Chesapeake City CountyProperties that have returned to the institution's holding and properties in foreclosure create special appraisal difficulties.It's vital to know the meanings of "market value" and a "quick disposition" assessment to analyze what losses you stand to realize when dealing with a home in foreclosure. At Tidewater Home Appraisals, Inc., we have the knowledge in both presenting snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your time constraints.
Owners of houses in foreclosure may be uncooperative to allowing an inspection of the property, thus presenting special challenges. Often the homes show signs of vandalism, often at the hands of the former residents. Or, it's common to discover a house at least abandoned or the home neglected for extended periods of time. You'll be interested in a quick disposition if the house has changed to bank owned. So you may want to know about and analyze three values: "as-is", "as repaired", and "quick sale". These represent:
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