Iykon Appraisers LLC is a company you can trust when it comes to bank owned properties in WoodbridgeReal Estate in foreclosure and houses that have reverted to the bank's possession present special appraisal difficulties. When there is a house in foreclosure, it's important to understand the difference between fair market price and "quick disposition" value to analyze your potential charge-off liability. Iykon Appraisers LLC has the training in both presenting snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into consideration your time line. We have the training to handle the special dynamics of a foreclosure appraisal. For a company you can count on, contact Iykon Appraisers LLC. Owners of properties in foreclosure might be disinclined to allow an inspection of the property, thus presenting specific challenges. Often the houses have been vandalized, unfortunately by the residents. Or, it's likely you'll find nobody has occupied the house for months or the home languishing in disrepair for extended periods of time. You will be interested in a speedy disposition if the home has already reverted to REO. So you may want to know about and compare three values: as-is, as repaired, and "quick sale." These represent the value of the property without any repairs done to it, with the repairs called for to make the home marketable at full market value commensurate with competing houses in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your urgency and the specific circumstances of a Real Estate Owned property, as well as the unique information you will need -- competing listings, market trends, and the like. You can count on Iykon Appraisers LLC to handle the task of your bank owned property with expertise and professionalism. Contact us today. |