Silverpilen Corp. is a company you can trust when you need appraisals for bank owned properties in
Houses in foreclosure and homes that have gone back to the lender's control create various appraisal challenges.
It's key to ascertain the difference between fair market price and "quick disposition" price to know what losses you could sustain when dealing with a home in foreclosure. Silverpilen Corp. has the training in both providing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into account your time line.
The professionals at Silverpilen Corp. have the experience to handle the unique dynamics of a foreclosure appraisal. For a company you can trust, contact Silverpilen Corp..
Particular challenges might be present when dealing with owners of homes in foreclosure. They may be opposed to allowing an inspection of the property. They might have moved out of the home already and/or neglected care of the house for quite awhile - or unfortunately, damaged the property.
You'll be interested in a fast disposition if the home has returned to bank owned. So you need to understand and analyze three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any work performed, with the repairs necessary to make the property marketable at full market value consistent with the other real estate in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your timeline and the special situation of an REO property, in addition to the specific data you will need -- competing listings, neighborhood trends, and so forth. You can rely on Silverpilen Corp. to handle the appraisal of your REO professionally and efficiently. Contact us today.