Hughes Appraisals, LLC is experienced when you need appraisals for bank owned properties in MinneapolisThere are particular appraisal challenges regarding a property in foreclosure or one that has reverted to the bank's possession. For a property in foreclosure, you might need to understand the gap between the fair market worth and "quick disposition" worth to know your probable charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your time line. You need a company who has the expertise to handle the specific dynamics of a foreclosure appraisal. For a company you can trust, contact Hughes Appraisals, LLC. Unique challenges might be present when working with owners of houses in foreclosure. They may be unwilling to allow an inspection of the house. They might have abandoned the property already and/or overlooked the care of the property for quite awhile - or even worse, intentionally harmed the home. You will be interested in a fast disposition if the home has returned to Real Estate Owned. So you need to understand and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any work performed, with the repairs called for to make the property marketable at full market value comparable with similar real estate in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your time line and the special circumstances of a Real Estate Owned house, as well as the special information you'll need -- competing listings, neighborhood trends, and so forth. You can bank on Hughes Appraisals, LLC to handle the appraisal of your bank owned property professionally and efficiently. Contact us today. |