Real Estate Owned Appraisals in East Baton Rouge CountyProperties in foreclosure and houses that have returned to the financial institution's ownership bring forth various appraisal difficulties.
For a house in foreclosure, you should understand the gap between the market value and a "quick disposition" to know your probable charge-off liability. The professionals at RHI Appraisals can provide both snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into account your urgency.
Owners of property in foreclosure could be disinclined to allow an inspection of the house, thus presenting special challenges. If they deserted the property already, they could have overlooked the care of the property for some time - or unfortunately, ransacked the house.
If you're dealing with a house that has already returned to bank owned, you will interested in a quick disposition. But you may want to know and review three values: as-is, as repaired, and "quick sale". These represent: