REO Appraisals in Tulsa CountyHomes that have returned to the institution's holding and properties in foreclosure create various appraisal difficulties.For a property in foreclosure, you should know the difference between fair market price and "quick disposition" to know your potential charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into consideration your time constraints.
Occupants of homes in foreclosure could be unwilling to allow an inspection of the house, thus presenting unique challenges. They could have moved out of the property already and/or ignored the care of the property for quite some time - or in some cases intentionally harmed the home.
If your house has gone back to Real Estate Owned, you will interested in an expeditious disposition. But you might want to know and analyze three values: as-is, as repaired, and "quick sale".
These represent: the worth of the property without any work done to it, with the work needed to make the house marketable at full market value consistent with the other houses in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper".
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