REO and Foreclosure Appraisal in Fayette CountyHouses that have gone back to the financial institution's holding and homes in foreclosure present unique appraisal challenges. For a home in foreclosure, you need to recognize the difference between fair market worth and "quick disposition" worth to know your possible charge-off liability. Sunago Advisory Group, Inc. has the experience in both producing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into account your time constraints. You need a company who has the experience to handle the unique dynamics of a foreclosure appraisal. For a company you can count on, contact Sunago Advisory Group, Inc.. Special challenges might be present when working with owners of homes in foreclosure. They might be disinclined to allow an inspection of the property. They may have deserted the house already and/or overlooked the care of the home for quite some time - or in some cases ransacked the house. You will be interested in a quick disposition if the house has already reverted to bank owned. So you need to know about and analyze three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any repairs performed, with the repairs necessary to make the property marketable at full market value commensurate with competing houses in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely to someone who'd prefer to finish the job themselves. Again, we understand your time line and the specific situation of a bank owned home, as well as the special information you will need -- competing listings, neighborhood trends, and the like. You can count on Sunago Advisory Group, Inc. to take on the task of your REO with expertise and professionalism. Contact us today. |