Omotoso & Associates is experienced when you need appraisals for bank owned properties in Baltimore Metropolitan AreaHomes that have reverted to the institution's control and houses in foreclosure bring forth specific appraisal difficulties. It's important to recognize the difference between fair market price and "quick disposition" value to know what losses you might sustain when dealing with a home in foreclosure. Omotoso & Associates has the training in both supplying snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your urgency. The professionals at Omotoso & Associates have the experience to work with the particular dynamics of a foreclosure appraisal. For a company you can count on, contact Omotoso & Associates. Particular challenges might be present when dealing with owners of homes in foreclosure. They may be uncooperative to allowing an inspection of the property. If they have abandoned the house already, they might have ignored the care of the house for some time - or unfortunately, caused damage to the house. If your home has changed to bank owned, you will interested in an expedited disposition. But you may want to know about and review three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any repairs performed, with the repairs needed to make the home marketable at full market value corresponding with competing homes in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your timeline and the specific situation of a bank owned property, in addition to the special data you will need -- competing listings, market trends, and the like. You can bank on Omotoso & Associates to handle the appraisal of your REO professionally and efficiently. Contact us today. |