Appraisal Keys, Inc is the company you should trust when it comes to bank owned properties in Cleveland, OhioHouses that have returned to the financial institution's holding and homes in foreclosure present various appraisal difficulties.
It's important to recognize the meanings of "market value" and a "quick disposition" assessment to know your potential write-down liability when dealing with a house in foreclosure. Appraisal Keys, Inc has the experience in both producing snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your time constraints.
Occupants of properties in foreclosure could be disinclined to allow an inspection of the house, thus presenting specific challenges. If they deserted the property already, they may have overlooked the care of the home for quite awhile - or unfortunately, caused damage to the house.
For a house that has already changed to bank owned, you probably will want to get rid of it quickly. Regardless, you'll still want to consider three angles for figuring the value of the asset (or in some cases, liability):