All State Appraisal Partners, Inc. is experienced when it comes to bank owned properties in Mooresville
Properties that have reverted to the bank's ownership and properties in foreclosure create specific appraisal problems.
You should know the difference between fair market value and "quick disposition" value to know what losses you stand to have to endure when dealing with a house in foreclosure. All State Appraisal Partners, Inc. has the background in both supplying snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into consideration your time line.
You need a company with the experience to deal with the particular dynamics of a foreclosure appraisal. For a company you can count on, contact All State Appraisal Partners, Inc..
Occupants of properties in foreclosure might be uncooperative to allowing an inspection of the house, thus presenting unique challenges. Sometimes the homes have been vandalized, unfortunately at the hands of the residents themselves. Or, it's common to find a house at a minimum abandoned or the home neglected for extended periods of time.
You will be interested in a speedy disposition if the property has already returned to Real Estate Owned. So you might want to know about and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any work done to it, with the work necessary to make the property marketable at full market value consistent with competing homes in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your time line and the specific situation of a Real Estate Owned house, in addition to the unique information you'll need -- competing listings, market trends, and the like. You can rely on All State Appraisal Partners, Inc. to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.
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