Ridge Appraisals and Contracting Services is a company you can trust when it comes to foreclosures in MadisonThere are unique appraisal difficulties when it comes to a house in foreclosure or one that has gone back to the institution's ownership. For a home in foreclosure, you might need to know the gap between fair market price and "quick disposition" value to know your potential charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time constraints. You need a company who has the expertise to deal with the special dynamics of a foreclosure appraisal. Contact Ridge Appraisals and Contracting Services for a company you can count on. Owners of homes in foreclosure, of course, can present unique challenges. They may be opposed to allowing an inspection of the house. Sometimes the properties show signs of vandalism, unfortunately at the hands of the residents. Or, it's likely you'll discover the residents have moved out or the home languishing in disrepair for extended periods of time. For real estate that has changed to REO, you probably will be going for a fast disposition . However, you might want to understand and compare three values: as-is, as repaired, and "quick sale." These represent the value of the property without any repairs performed, with the work needed to make the house marketable at full market value consistent with the other properties in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your urgency and the special situation of a Real Estate Owned home, as well as the special information you will need -- competing listings, neighborhood trends, and so forth. You can bank on Ridge Appraisals and Contracting Services to take on the task of your bank owned property with expertise and professionalism. Contact us today. |