Call Appraisal Quest, Inc. when you need appraisals for Montgomery foreclosures

Foreclosure and REO Appraisals in Montgomery County

There are special appraisal problems when it comes to a property in foreclosure or one that has returned to the institution's ownership.

You should recognize the meanings of "market value" and a "quick disposition" price to analyze your potential write-down liability when dealing with a property in foreclosure. Appraisal Quest, Inc. has the training in both providing snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your urgency.

The professionals at Appraisal Quest, Inc. have the expertise to deal with the special dynamics of a foreclosure appraisal. Contact Appraisal Quest, Inc. for a company you can trust.

Occupants of dwellings in foreclosure may be opposed to allowing an inspection of the home, thus presenting special challenges. Sometimes the properties have been ransacked, often at the hands of the former residents themselves. Or, it's likely you'll find nobody has lived in house for months or the home neglected for long periods of time.

For real estate that has changed to REO, you most likely will be going for a fast disposition. Regardless, you'll still want to consider three angles for determining the value of the asset (or in some cases, liability):

  • As Repaired. Value with the work due to make the home marketable at full market value - consistent with similar houses in the neighborhood
  • As-is. The value of the home without any work done to it
  • Quick sale. With minimal investment in repairs - to get rid of the home quickly, most likely as a "fixer-upper"
Again, we understand your urgency and the unique circumstances of an REO property, as well as the specific information you will need - competing listings, market trends, and so forth. You can bank on Appraisal Quest, Inc. to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.