L & B Appraisals is a company you can trust when you need appraisals for bank owned properties in WarrenHouses in foreclosure and properties that have returned to the institution's control create particular appraisal difficulties. For a property in foreclosure, you may need to know the gap between the fair market and "quick disposition" price to know your possible charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your time line. The professionals at L & B Appraisals have the qualifications to deal with the unique dynamics of a foreclosure appraisal. For a company you can count on, contact L & B Appraisals. Owners of houses in foreclosure, of course, can present special challenges. They might be unwilling to allow an inspection of the home. If they have abandoned the house already, they could have ignored the care of the property for some time - or worse, ransacked the home. If your home has already gone back to REO, you will interested in a speedy disposition. But you may want to understand and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any repairs performed, with the repairs due to make the home marketable at full market value corresponding with similar real estate in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely to someone who'd rather finish the job themselves. Again, we understand your urgency and the specific situation of a bank owned property, in addition to the unique information you will need -- competing listings, market trends, and so forth. You can count on L & B Appraisals to handle the task of your REO with expertise and professionalism. Contact us today. |