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Trump Residential Appraisals, LLC is experienced when you need appraisals for bank owned properties in Vigo County Properties in foreclosure and homes that have gone back to the lender's holding present unique appraisal challenges.
It's key to differentiate the meanings of "market value" and a "quick disposition" price to know your probable write-down liability when dealing with a house in foreclosure. The professionals at Trump Residential Appraisals, LLC can provide both snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into account your pressing needs.
Owners of homes in foreclosure, naturally, can present specific challenges: They could be disinclined to allow us access to the house. Sometimes the homes show signs of vandalism, often by the residents. Or, it's common to find nobody has lived in house for months or the home languishing in disrepair for extended periods of time.
For real estate that has changed to REO, you probably will be going for a fast disposition. However, you may want to know about and compare three values - "as-is", "as repaired", and "quick sale". These symbolize:
- The value of the house without any work performed
- Possible value with the repairs due to make the home marketable at full market value - consistent with similar real estate in the area
- With minimal investment in repairs - to sell the property quickly, most likely to someone inclined to finish the job themselves
Again, we understand your urgency and the specific situation of a Real Estate Owned home, as well as the special data you will need - competing listings, market trends, and so forth. You can bank on Trump Residential Appraisals, LLC to handle the task of your bank owned property with expertise and professionalism. Contact us today.
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