Foreclosure and Real Estate Owned Appraisal in Iredell CountyHouses that have gone back to the bank's possession and homes in foreclosure bring forth various appraisal challenges.
You need to know the meanings of "market value" and a "quick disposition" value to know what losses you might sustain when dealing with a home in foreclosure. The professionals at All State Appraisal Partners, Inc. can provide both snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into consideration your time line.
Owners of houses in foreclosure may be disinclined to allow an inspection of the property, thus presenting particular challenges. They might have deserted the property already and/or overlooked the care of the home for quite some time - or unfortunately, damaged the home.
For a property that has returned to REO, you most likely will be interested in a fast resolution. Regardless, you'll still want to consider three ways of determining the value of the real estate at hand:
Home Status Report
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