Associated Independent Appraisers is the company you should trust when it comes to bank owned properties in Salem, OregonThere are special appraisal problems when we're talking about a home in foreclosure or one that has gone back to the financial institution's possession.
It's key to know the meanings of "market value" and a "quick disposition" assessment to know your probable charge-off liability when dealing with a house in foreclosure. Associated Independent Appraisers has the knowledge in both furnishing snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your time constraints.
Occupants of properties in foreclosure might be opposed to allowing an inspection of the home, thus presenting unique challenges. They might have moved out of the house already and/or neglected care of the property for awhile - or unfortunately, caused damage to the home.
For real estate that has reverted to Real Estate Owned, you typically will want to get rid of it quickly. However, you might want to understand and examine the meanings of "as-is", "as repaired", and "quick sale" values. These represent: