REO Appraisals in Weber CountyProperties that have reverted to the bank's possession and houses in foreclosure create specific appraisal challenges.For a home in foreclosure, you should understand the gap between the market value and a "quick disposition" price to know your likely charge-off liability. Rodgers Appraisal has the background in both presenting snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your pressing needs.
Occupants of homes in foreclosure may be opposed to allowing an inspection of the home, thus presenting unique challenges. They might have deserted the home already and/or ignored the care of the property for awhile - or unfortunately, damaged the property.
For real estate that has already reverted to REO, you probably will want to get rid of it quickly. But you may want to know and examine the concepts of "as-is", "as repaired", and "quick sale" values. These symbolize: |