![]() Foreclosure and Real Estate Owned Appraisals in Lincoln CountyReal Estate in foreclosure and properties that have gone back to the bank's holding create unique appraisal problems. For a home in foreclosure, you need to know the difference between the fair market value and "quick disposition" value to know your potential charge-off liability. The professionals at Lyman Appraisal Services, LLC can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into consideration your time line. You need a company with the experience to work with the specific dynamics of a foreclosure appraisal. For a company you can trust, contact Lyman Appraisal Services, LLC. Owners of in foreclosure could be opposed to allowing an inspection of the house, thus presenting particular challenges. Often the properties show signs of vandalism, often at the hands of the residents themselves. Or, it's common to find a house at a minimum abandoned or the home languishing in disrepair for extended periods of time. For real estate that has already gone back to Real Estate Owned, you likewise will be seeking a speedy disposition . But you might want to understand and compare three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any work performed, with the repairs due to make the home marketable at full market value appropriate with competing houses in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your urgency and the unique situation of an REO home, as well as the special information you will need -- competing listings, neighborhood trends, and so forth. You can rely on Lyman Appraisal Services, LLC to handle the task of your REO professionally and efficiently. Contact us today. |