![]() Appraisal Corporation of America, Inc. is experienced when you need appraisals for bank owned properties inHouses that have reverted to the bank's possession and houses in foreclosure present specific appraisal difficulties. It's important to know the difference between fair market value and "quick disposition" value to evaluate your possible write-down liability when dealing with a house in foreclosure. At Appraisal Corporation of America, Inc. , we have the training in both providing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your timeline. Appraisal Corporation of America, Inc. has the expertise to deal with the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact Appraisal Corporation of America, Inc. . Owners of property in foreclosure, of course, can present unique challenges. They could be uncooperative to allowing an inspection of the property. If they abandoned the property already, they might have ignored the care of the home for quite some time - or even worse, damaged the home. If your home has already returned to REO, you will interested in a quick disposition. However, you might want to know and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any work done to it, with the work necessary to make the property marketable at full market value comparable with similar houses in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely to someone who'd prefer to finish the job themselves. Again, we understand your timeline and the specific circumstances of a bank owned home, in addition to the unique data you'll need -- competing listings, neighborhood trends, and the like. You can rely on Appraisal Corporation of America, Inc. to handle the appraisal of your bank owned property professionally and efficiently. Contact us today. |