Real Estate Owned and Foreclosure Appraisals in Milwaukee CountyProperties in foreclosure and properties that have reverted to the institution's control bring forth special appraisal problems.For a property in foreclosure, you definitely need to know the gap between the market price and a "quick disposition" price to know your probable charge-off liability. Integrated Appraisal Services, LLC has the background in both presenting snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your urgency.
Owners of property in foreclosure can present specific challenges. They could be unwilling to allow an inspection of the property. Sometimes the homes show signs of vandalism, unfortunately by the residents themselves. Or, it's likely you'll find a house at least abandoned or the home languishing in disrepair for long periods of time.
You will be interested in a speedy disposition if the home has already returned to Real Estate Owned. So you need to understand and analyze three values: "as-is", "as repaired", and "quick sale". These represent: |