Iman Appraisals, Inc. is experienced when you need appraisals for bank owned properties in Canyon LakeThere are various appraisal challenges involved in a house in foreclosure or one that has reverted to the lender's possession. It's important to recognize the difference between fair market price and "quick disposition" price to analyze what losses you could sustain when dealing with a property in foreclosure. Iman Appraisals, Inc. has the knowledge in both providing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your timeline. You need a company who has the training to work with the unique dynamics of a foreclosure appraisal. For a company you can trust, contact Iman Appraisals, Inc.. Owners of in foreclosure may be opposed to allowing an inspection of the house, thus presenting unique challenges. They could have moved out of the house already and/or neglected care of the property for some time - or worse, vandalized the home. You will be interested in a fast disposition if the home has reverted to REO. So you might want to know about and review three values: as-is, as repaired, and "quick sale." These represent the value of the home without any work performed, with the work necessary to make the house marketable at full market value consistent with competing homes in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your urgency and the unique situation of a bank owned home, as well as the special data you will need -- competing listings, neighborhood trends, and so forth. You can count on Iman Appraisals, Inc. to take on the appraisal of your REO professionally and efficiently. Contact us today. |