Real Estate Owned Appraisal in Iredell County
Houses that have returned to the bank's possession and houses in foreclosure bring forth unique appraisal difficulties.
It's vital to recognize the difference between fair market price and "quick disposition" price to know your potential charge-off liability when dealing with a house in foreclosure. We can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your urgency.
We have the experience to work with the special dynamics of a foreclosure appraisal. For a company you can rely on, contact All State Appraisal Partners, Inc..
Particular challenges can be present when working with owners of houses in foreclosure. They could be disinclined to allow an inspection of the house. If they abandoned the home already, they might have not taken care of the house for a long time - or unfortunately, damaged the house.
If your house has already reverted to bank owned, you will interested in an expedited disposition. However, you might want to know and compare three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any work performed, with the work required to make the house marketable at full market value consistent with the other real estate in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your time line and the special situation of a Real Estate Owned house, in addition to the special data you'll need -- competing listings, neighborhood trends, and the like. You can bank on All State Appraisal Partners, Inc. to take on the task of your bank owned property professionally and efficiently. Contact us today.
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