MaxAppraisals, LLC is the company you should trust when you need appraisals for bank owned properties in Richmond, VirginiaProperties in foreclosure and houses that have returned to the bank's ownership present specific appraisal problems.
For a home in foreclosure, you should know the difference between the market and a "quick disposition" assessment to know your potential charge-off liability. At MaxAppraisals, LLC, we have the background in both producing snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that consider your pressing needs.
Specific challenges can be present when dealing with owners of houses in foreclosure. They could be unwilling to allow an inspection of the property. If they left the home already, they might have ignored the care of the house for awhile - or worse, damaged the property.
If you're dealing with property that has already reverted to bank owned, you will interested in an expedited disposition. However, you might want to understand and compare three values: as-is, as repaired, and "quick sale". These correspond to: