Schluter Appraisal is experienced when you need appraisals for bank owned properties in Bend, OregonReal Estate in foreclosure and properties that have returned to the bank's ownership bring forth various appraisal challenges.
When dealing with a house in foreclosure, it's important to know market value versus a "quick disposition" price to evaluate your probable charge-off liability. Schluter Appraisal has the training in both furnishing snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your urgency.
Occupants of homes in foreclosure could be uncooperative to allowing an inspection of the house, thus presenting specific challenges. If they moved out of the property already, they could have ignored the care of the home for some time - or even worse, damaged the home.
For a home that has already returned to Real Estate Owned, you probably will want it off your hands as quickly as possible. Regardless, you'll still want to consider three angles for looking at the value of the real estate at hand: