Real Estate Owned Appraisal in Queen Annes County

It's key to know the meanings of "market value" and a "quick disposition" price to analyze your potential charge-off liability when dealing with a house in foreclosure. Erin Wallace Appraisal Service has the knowledge in both supplying snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your urgency.

	We have the training to deal with the special dynamics of a foreclosure appraisal. For a company you can count on, contact Erin Wallace Appraisal Service.

Specific challenges may be present when dealing with owners of property in foreclosure. They may be opposed to allowing an inspection of the home. If they deserted the house already, they might have overlooked the care of the home for a long time - or even worse, damaged the home.

For a property that has reverted to REO, you most likely will be seeking an expeditious disposition. In any case, you'll still want to consider three angles for looking at the value of the real estate at hand:

• As Repaired. Possible market value with the repairs necessary to make the home marketable at full market value - comparable with other real estate in the neighborhood
• As-is. The value of the house without any repairs done to it
• Quick sale. Somewhere in between, with minimal investment in repairs - to get rid of the home quickly, most likely to someone inclined to finish the job themselves