REO Appraisal in Twin Falls CountyHomes in foreclosure and properties that have reverted to the financial institution's possession bring forth unique appraisal problems.When there is a home in foreclosure, it's important to ascertain market value versus a "quick disposition" value to know your potential charge-off liability. At Caywood Appraisals, we have the background in both producing snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that factor in your timeline.
Owners of dwellings in foreclosure might be unwilling to allow an inspection of the house, thus presenting special challenges. They might have deserted the property already and/or neglected care of the home for quite some time - or worse, intentionally harmed the property.
For a house that has reverted to Real Estate Owned, you probably will be going for an expeditious resolution. Regardless, you'll still want to consider three ways of looking at the value of the subject property: |