Foreclosure Appraisal in Anne Arundel CountyHouses in foreclosure and houses that have returned to the financial institution's ownership create various appraisal problems.It's vital to understand the meanings of "market value" and a "quick disposition" assessment to evaluate what losses you stand to sustain when dealing with a house in foreclosure. At Browne Real Estate Ventures, we have the knowledge in both providing snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your urgency.
Occupants of property in foreclosure could be unwilling to allow an inspection of the house, thus presenting particular challenges. If they abandoned the home already, they may have ignored the care of the home for awhile - or worse, damaged the property. You will be interested in a speedy disposition if the home has already returned to REO. So you need to know about and examine three values: "as-is", "as repaired", and "quick sale". These correspond to:
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