Foreclosure and Real Estate Owned Appraisal in Iredell County
Homes in foreclosure and homes that have returned to the institution's holding present unique appraisal difficulties.
When dealing with a property in foreclosure, it's important to recognize the difference between fair market value and "quick disposition" price to know your possible charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time line.
All State Appraisal Partners, Inc. has the qualifications to deal with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact All State Appraisal Partners, Inc..
Owners of homes in foreclosure could be uncooperative to allowing an inspection of the house, thus presenting unique challenges. They might have left the house already and/or neglected care of the property for quite some time - or even worse, vandalized the home.
For a house that has changed to REO, you most likely will be interested in an expeditious resolution . But you may want to understand and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the house without any repairs done to it, with the repairs necessary to make the property marketable at full market value commensurate with similar properties in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your timeline and the specific circumstances of an REO property, as well as the unique data you'll need -- competing listings, market trends, and the like. You can bank on All State Appraisal Partners, Inc. to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.
Home Status Report
Want to know if a home is still on the market, or if the price has changed? We can help. Simply fill out the information below and with no obligation to you we'll get back to you with your requested information. We guarantee your privacy.