Ingram Appraisals is the company you should trust when you need appraisals for bank owned properties in South Central OklahomaReal Estate in foreclosure and properties that have returned to the lender's possession create unique appraisal challenges.
When dealing with a home in foreclosure, you should ascertain market value versus a "quick disposition" price to analyze your possible charge-off liability. At Ingram Appraisals, we have the experience in both providing snapshots of market value for our mortgage clients, in addition to "quick sale" forecasts that understand your time line.
Owners of houses in foreclosure might be disinclined to allow an inspection of the house, thus presenting particular challenges. If they abandoned the home already, they may have ignored the care of the house for awhile - or unfortunately, caused damage to the home.
For a property that has gone back to Real Estate Owned, you typically will want to get rid of it quickly. In any case, you'll still want to consider three angles for figuring the value of the asset: