DRB Appraisals is experienced when it comes to bank owned properties in Hartford City, IndianaProperties that have returned to the financial institution's ownership and properties in foreclosure present particular appraisal difficulties.
It's key to understand the meanings of "market value" and a "quick disposition" assessment to analyze your possible write-down liability when dealing with a home in foreclosure. DRB Appraisals has the knowledge in both presenting snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your urgency.
Owners of houses in foreclosure, of course, can present particular challenges. For example, they may be opposed to allowing an inspection of the house. If they abandoned the property already, they may have not taken care of the house for some time - or worse, damaged the house.
For a home that has already gone back to bank owned, you probably will be interested in an expedited disposition. However, you might want to know about and examine three values - "as-is", "as repaired", and "quick sale". These correspond to: