Real Estate Owned Appraisals in Fresno, Kings, and Madera CountiesHouses that have returned to the financial institution's possession and properties in foreclosure create various appraisal problems. When dealing with a property in foreclosure, it's important to know the difference between fair market value and "quick disposition" price to analyze your possible charge-off liability. This is done by banks to avoid having the liability of owning the property and responsible for taking care of it. Wulf Appraisal Corp. is able to both providing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your time constraints. You need a company who has the experience to work with the particular dynamics of a foreclosure appraisal. For a company you can trust, contact Wulf Appraisal Corp.. Owners of property in foreclosure, of course, can present specific challenges. They might be uncooperative to allowing an inspection of the house. If they have abandoned the home already, they could have neglected care of the property for awhile - or worse, damaged the house. For real estate that has changed to Real Estate Owned (REO), you typically will want it off your hands as quickly as possible . However, you may want to understand and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the home without any work done to it, with the repairs due to make the property marketable at full market value corresponding with competing properties in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your urgency and the special situation of a Real Estate Owned property, in addition to the specific data you will need -- competing listings, neighborhood trends, and the like. You can rely on Wulf Appraisal Corp. to handle the task of your REO professionally and efficiently. Contact us today. |