BenchMark Appraisals LLC is experienced when you need appraisals for bank owned properties in Wood CountyThere are special appraisal challenges for a home in foreclosure or one that has returned to the lender's possession.
When dealing with a property in foreclosure, it's important to recognize market value versus a "quick disposition" price to analyze your potential charge-off liability. BenchMark Appraisals LLC has the knowledge in both presenting snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your time constraints.
Owners of houses in foreclosure, naturally, can present unique challenges. They may be unwilling to allow an inspection of the home. If they deserted the home already, they might have overlooked the care of the home for quite some time - or worse, damaged the home.
For real estate that has already changed to REO, you likewise will be seeking an expedited disposition. Regardless, you'll still want to consider three ways of determining the value of the real estate at hand: