![]() Tierney Appraisals is a company you can trust when it comes to foreclosures in BeverlyReal Estate in foreclosure and properties that have reverted to the financial institution's holding create unique appraisal challenges. When there is a house in foreclosure, you should understand the difference between fair market worth and "quick disposition" value to know your likely charge-off liability. Tierney Appraisals has the background in both supplying snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time line. You need a company with the expertise to handle the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact Tierney Appraisals. Occupants of property in foreclosure might be unwilling to allow an inspection of the property, thus presenting unique challenges. If they moved out of the property already, they could have overlooked the care of the house for some time - or even worse, damaged the house. For real estate that has already changed to bank owned, you typically will want it off your hands as quickly as possible . However, you may want to know about and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any work done to it, with the repairs due to make the house marketable at full market value appropriate with similar homes in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your urgency and the unique circumstances of an REO house, in addition to the specific data you'll need -- competing listings, neighborhood trends, and the like. You can bank on Tierney Appraisals to handle the task of your bank owned property professionally and efficiently. Contact us today. |