REO Appraisal in Racine CountyThere are specific appraisal problems regarding a home in foreclosure or one that has reverted to the bank's control.
It's vital to differentiate the meanings of "market value" and a "quick disposition" value to know what losses you might have to endure when dealing with a home in foreclosure. The professionals at BRIGMAN APPRAISAL SERVICE, Racine, Wisconsin, 53406 can provide both snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your time constraints.
Owners of properties in foreclosureunfortunately can present specific challenges: For example, they could be uncooperative when it comes to allowing the appraiser access to the house. They could have deserted the house already and/or overlooked the care of the home for awhile - or in some cases ransacked the house.
For real estate that has already reverted to bank owned, you probably will want to get rid of it quickly. Regardless, you'll still want to consider three ways of figuring the value of the subject property: