Foreclosure and Real Estate Owned Appraisal in New London CountyReal Estate in foreclosure and houses that have reverted to the bank's control bring forth particular appraisal problems. For a home in foreclosure, you may need to recognize the difference between the fair market and "quick disposition" price to know your likely charge-off liability. We can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your urgency. The professionals at L.B. Brainard and Associates have the expertise to handle the unique dynamics of a foreclosure appraisal. For a company you can trust, contact L.B. Brainard and Associates. Owners of homes in foreclosure, of course, can present particular challenges. They could be disinclined to allow an inspection of the home. If they moved out of the house already, they may have neglected care of the home for quite awhile - or unfortunately, caused damage to the home. For a property that has gone back to bank owned, you most likely will be going for a speedy resolution . But you may want to understand and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any repairs done to it, with the repairs due to make the home marketable at full market value comparable with similar real estate in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your urgency and the unique situation of a Real Estate Owned property, as well as the specific data you'll need -- competing listings, market trends, and so forth. You can rely on L.B. Brainard and Associates to take on the task of your REO professionally and efficiently. Contact us today. |