Burke's Appraisals, LLC is a company you can trust when you need appraisals for foreclosures in WashoeThere are particular appraisal problems when it comes to a home in foreclosure or one that has returned to the financial institution's holding. When dealing with a property in foreclosure, you should recognize the difference between fair market worth and "quick disposition" value to analyze your probable charge-off liability. At Burke's Appraisals, LLC, we have the background in both furnishing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time constraints. Burke's Appraisals, LLC has the training to work with the particular dynamics of a foreclosure appraisal. Contact Burke's Appraisals, LLC for a company you can count on. Owners of property in foreclosure might be uncooperative to allowing an inspection of the house, thus presenting special challenges. Sometimes the homes have been vandalized, often by the residents themselves. Or, it's likely you'll discover a house at least abandoned or the home languishing in disrepair for extended periods of time. If your home has reverted to bank owned, you will interested in an expedited disposition. However, you may want to understand and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any work performed, with the work necessary to make the house marketable at full market value consistent with the other real estate in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely to someone who'd prefer to finish the job themselves. Again, we understand your timeline and the unique circumstances of a Real Estate Owned property, in addition to the specific information you'll need -- competing listings, neighborhood trends, and the like. You can bank on Burke's Appraisals, LLC to take on the appraisal of your REO with expertise and professionalism. Contact us today. |