Call Mott, Wyskiver Real Estate Appraisal Service, LLC when you need appraisals pertaining to Fairfield foreclosures

Mott, Wyskiver Real Estate Appraisal Service, LLC is experienced when it comes to foreclosures in Fairfield County

There are special appraisal problems for a property in foreclosure or one that has reverted to the institution's ownership.

For a property in foreclosure, you need to understand the gap between market and a "quick disposition" to know your likely charge-off liability. Mott, Wyskiver Real Estate Appraisal Service, LLC has the training in both presenting snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that take into consideration your time line.

Mott, Wyskiver Real Estate Appraisal Service, LLC has the expertise to handle the unique dynamics of a foreclosure appraisal. Contact Mott, Wyskiver Real Estate Appraisal Service, LLC for a company you can count on.

Occupants of property in foreclosure could be opposed to allowing an inspection of the house, thus presenting unique challenges. They might have abandoned the property already and/or neglected care of the home for quite awhile - or even worse, vandalized the home.

For a home that has reverted to REO, you likewise will be interested in a fast resolution. Regardless, you'll still want to consider three ways of determining the value of the asset:

  • As Repaired. Value with the repairs required to make the home marketable at full market value - consistent with competing houses in the neighborhood
  • As-is. The market value of the property without any work performed
  • Quick sale. Somewhere in the middle, with minimal investment in repairs - to sell the home quickly, seemingly to someone who'd prefer to finish the job themselves
Again, we understand your timeline and the special circumstances of an REO house, as well as the unique data you will need - competing listings, neighborhood trends, and so forth. You can count on Mott, Wyskiver Real Estate Appraisal Service, LLC to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.