Blue Marlin Appraisals, LLC is a company you can trust when you need appraisals for bank owned properties in CollierReal Estate in foreclosure and properties that have reverted to the bank's ownership bring forth unique appraisal difficulties. When there is a house in foreclosure, you need to differentiate the difference between fair market value and "quick disposition" price to know your likely charge-off liability. Blue Marlin Appraisals, LLC has the knowledge in both producing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that take into account your time line. We have the expertise to handle the specific dynamics of a foreclosure appraisal. Contact Blue Marlin Appraisals, LLC for a company you can count on. Special challenges may be present when dealing with owners of homes in foreclosure. They may be opposed to allowing an inspection of the house. Sometimes the subjects have been vandalized, unfortunately by the former residents. Or, it's common to discover the residents have moved out or the home neglected for extended periods of time. You will be interested in a quick disposition if the home has reverted to REO. So you may want to know about and compare three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any work done to it, with the work due to make the property marketable at full market value commensurate with similar houses in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably to someone who'd rather finish the job themselves. Again, we understand your time line and the special circumstances of a bank owned house, as well as the specific information you'll need -- competing listings, neighborhood trends, and so forth. You can bank on Blue Marlin Appraisals, LLC to handle the appraisal of your REO professionally and efficiently. Contact us today. |