Call Fast Appraisals when you need valuations of Cuyahoga foreclosures

Fast Appraisals is experienced when you need appraisals for bank owned properties in Cuyahoga County

Homes in foreclosure and homes that have reverted to the financial institution's ownership create particular appraisal problems.

For a house in foreclosure, you should recognize the gap between the market value and a "quick disposition" price to know your likely charge-off liability. We can provide both snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that take into account your time line.

We have the qualifications to deal with the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact Fast Appraisals.

Owners of houses in foreclosure could be opposed to allowing an inspection of the home, thus presenting particular challenges. If they deserted the property already, they could have neglected care of the property for awhile - or unfortunately, damaged the house.

For a home that has reverted to REO, you typically will want to get rid of it quickly. In any case, you'll still want to consider three ways of figuring the value of the real estate at hand:

  • As Repaired. Possible market value with the work required to make the house marketable at full market value - appropriate with similar homes in the neighborhood
  • As-is. The market value of the property without any work performed
  • Quick sale. Somewhere in between, with minor investment in repairs - to get rid of the property quickly, probably to someone who'd prefer to finish the job themselves
Again, we understand your time line and the specific situation of an REO home, as well as the specific information you will need - competing listings, market trends, and so forth. You can bank on Fast Appraisals to handle the task of your bank owned property professionally and efficiently. Contact us today.