Illingworth Appraisal Services is experienced when it comes to foreclosures in WilmingtonHomes in foreclosure and homes that have gone back to the institution's possession create various appraisal difficulties. When there is a house in foreclosure, you should differentiate the difference between fair market value and "quick disposition" worth to evaluate your likely charge-off liability. Illingworth Appraisal Services has the background in both providing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your time constraints. You need a company who has the training to work with the particular dynamics of a foreclosure appraisal. Contact Illingworth Appraisal Services for a company you can rely on. Owners of property in foreclosure, of course, can present special challenges. They might be uncooperative to allowing an inspection of the house. If they have abandoned the property already, they could have not taken care of the house for quite awhile - or even worse, caused damage to the house. You'll be interested in a fast disposition if the property has already changed to bank owned. So you may want to know and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the property without any work performed, with the repairs necessary to make the house marketable at full market value appropriate with competing real estate in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your timeline and the special situation of an REO property, as well as the unique data you'll need -- competing listings, market trends, and so forth. You can bank on Illingworth Appraisal Services to take on the task of your REO with expertise and professionalism. Contact us today. |