Call Custom Appraisals to order appraisals on Montgomery foreclosures

Real Estate Owned Appraisals in Montgomery County

There are particular appraisal difficulties when it comes to a home in foreclosure or one that has returned to the institution's ownership.

For a house in foreclosure, you definitely need to understand the gap between the market and a "quick disposition" assessment to know your potential charge-off liability. We can provide both snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into consideration your time line.


	You need a company who has the expertise to handle the particular dynamics of a foreclosure appraisal. Contact Custom Appraisals for a company you can trust.

Particular challenges can be present when dealing with owners of property in foreclosure. They might be uncooperative to allowing an inspection of the house. If they abandoned the home already, they might have overlooked the care of the home for awhile - or worse, ransacked the home.

For a home that has returned to Real Estate Owned, you likewise will be going for a quick resolution. Regardless, you'll still want to consider three angles for determining the value of the real estate at hand:

As Repaired. Possible market value with the repairs required to make the property marketable at full market value - commensurate with similar homes in the area

As-is. The market value of the house without any work done to it

Quick sale. Somewhere in between, with minimal investment in repairs - to offload the property quickly, likely to someone who'd prefer to finish the job themselves

Again, we understand your timeline and the specific situation of a bank owned home, as well as the unique information you will need - competing listings, market trends, and the like. You can bank on Custom Appraisals to handle the appraisal of your REO professionally and efficiently. Contact us today.