Foreclosure Appraisals in Minnehaha CountyProperties in foreclosure and properties that have reverted to the lender's possession create particular appraisal challenges. For a house in foreclosure, you may need to recognize the difference between fair market and "quick disposition" to know your probable charge-off liability. At Smart Appraisals, we have the training in both presenting snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your urgency. The professionals at Smart Appraisals have the qualifications to work with the specific dynamics of a foreclosure appraisal. Contact Smart Appraisals for a company you can trust. Owners of homes in foreclosure might be unwilling to allow an inspection of the home, thus presenting special challenges. They may have deserted the house already and/or ignored the care of the home for quite awhile - or worse, intentionally harmed the property. If your property has returned to Real Estate Owned, you will interested in a fast disposition. However, you may want to know and review three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any work done to it, with the work necessary to make the house marketable at full market value consistent with the other homes in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely to someone who'd rather finish the job themselves. Again, we understand your time line and the specific circumstances of a bank owned home, in addition to the specific data you'll need -- competing listings, market trends, and the like. You can bank on Smart Appraisals to handle the task of your bank owned property professionally and efficiently. Contact us today. |