The Appraisal Shoppe, Inc. is the company you should trust when it comes to bank owned properties in Calvert CountyHouses that have returned to the financial institution's ownership and properties in foreclosure create various appraisal problems.
For a property in foreclosure, you would be wise to understand the difference between market value and a "quick disposition" value to know your possible charge-off liability. At The Appraisal Shoppe, Inc., we have the training in both producing snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your urgency.
Occupants of houses in foreclosure could be disinclined to allow an inspection of the home, thus presenting unique challenges. If they moved out of the house already, they could have ignored the care of the home for quite awhile - or even worse, damaged the home.
For real estate that has already changed to bank owned, you probably will want it off your hands as quickly as possible. In any case, you'll still want to consider three angles for figuring the value of the subject property: