![]() Real Estate Owned Appraisals in Cuyahoga CountyHomes that have returned to the financial institution's holding and houses in foreclosure create special appraisal difficulties. When there is a home in foreclosure, you need to know the difference between fair market price and "quick disposition" value to know your possible charge-off liability. At Crawford Romans Appraisal Services, we have the background in both supplying snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your urgency. The professionals at Crawford Romans Appraisal Services have the experience to deal with the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact Crawford Romans Appraisal Services. Owners of homes in foreclosure, of course, can present particular challenges. They could be opposed to allowing an inspection of the home. They could have moved out of the home already and/or neglected care of the property for a long time - or in some cases damaged the property. For a home that has reverted to REO, you probably will want to get rid of it quickly . However, you may want to understand and compare three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any repairs done to it, with the repairs required to make the house marketable at full market value consistent with similar houses in the neighborhood, 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 timeline and the special circumstances of a Real Estate Owned house, in addition to the unique information you'll need -- competing listings, neighborhood trends, and so forth. You can count on Crawford Romans Appraisal Services to handle the appraisal of your bank owned property professionally and efficiently. Contact us today. |