Jeff Mazzaferri is the company you should trust when you need appraisals for bank owned properties in North Canton, OhioHomes in foreclosure and properties that have returned to the institution's control present various appraisal challenges.When dealing with a property in foreclosure, you need to ascertain market value versus a "quick disposition" price to know your potential charge-off liability. We can provide both snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your pressing needs.
Special challenges may be present when working with owners of houses in foreclosure. They might be opposed to allowing an inspection of the property. Often the homes have been vandalized, often by the former residents themselves. Or, it's common to find a house at a minimum abandoned or the home neglected for extended periods of time.
For a property that has gone back to Real Estate Owned, you probably will want to get rid of it quickly. Regardless, you'll still want to consider three angles for figuring the value of the real estate at hand: |