Foreclosure and Real Estate Owned Appraisal in Iredell County
Homes that have reverted to the institution's possession and properties in foreclosure bring forth special appraisal difficulties.
When there is a house in foreclosure, it's important to recognize the difference between fair market worth and "quick disposition" price to evaluate your probable charge-off liability. At All State Appraisal Partners, Inc., we have the knowledge in both furnishing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your urgency.
We have the expertise to work with the particular dynamics of a foreclosure appraisal. For a company you can trust, contact All State Appraisal Partners, Inc..
Owners of properties in foreclosure, of course, can present particular challenges. They may be disinclined to allow an inspection of the home. They could have left the house already and/or neglected care of the house for some time - or gone as far as ransacked the home.
You will be interested in an expedited disposition if the house has already gone back to Real Estate Owned. So you may want to understand and analyze three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any repairs done to it, with the repairs due to make the property marketable at full market value commensurate with similar homes in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably to someone who'd rather finish the job themselves. Again, we understand your time line and the specific circumstances of an REO house, in addition to the specific data you will need -- competing listings, neighborhood trends, and the like. You can bank on All State Appraisal Partners, Inc. to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.
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