Active Appraisal Services, Inc. is experienced when it comes to foreclosures in southeastern WisconsinProperties in foreclosure and homes that have reverted to the institution's holding present unique appraisal difficulties.
When there is a property in foreclosure, it's important to differentiate market value versus a "quick disposition" value to evaluate your potential charge-off liability. Active Appraisal Services, Inc. has the experience in both presenting snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your pressing needs.
Specific challenges may be present when working with owners of houses in foreclosure. They may be unwilling to allow an inspection of the house. Often the houses have been vandalized, unfortunately by the former residents. Or, it's common to discover nobody has lived in house for months or the home neglected for extended periods of time.
You'll be interested in a speedy disposition if the property has already changed to REO. So you need to know about and analyze three values: "as-is", "as repaired", and "quick sale". These correspond to: