REID E. CHOATE & ASSOCIATES, LLC is experienced when you need appraisals for foreclosures in Hawaii
There are special appraisal problems when we're talking about a house in foreclosure or one that has returned to the lender's possession.
You need to recognize the difference between fair market worth and "quick disposition" value to evaluate your likely charge-off liability when dealing with a house in foreclosure. At REID E. CHOATE & ASSOCIATES, LLC, we have the training in both presenting snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your urgency.
You need a company with the experience to handle the special dynamics of a foreclosure appraisal. For a company you can rely on, contact REID E. CHOATE & ASSOCIATES, LLC.
Special challenges might be present when dealing with owners of properties in foreclosure. They may be uncooperative to allowing an inspection of the home. If they have abandoned the house already, they could have overlooked the care of the home for some time - or even worse, ransacked the home.
You will be interested in an expeditious disposition if the home has returned to Real Estate Owned. So you may want to understand and review three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any work performed, with the work required to make the house marketable at full market value comparable with the other real estate in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your urgency and the unique situation of a bank owned home, as well as the unique data you will need -- competing listings, market trends, and the like. You can count on REID E. CHOATE & ASSOCIATES, LLC to handle the task of your REO with expertise and professionalism. Contact us today.