Foreclosure and REO Appraisals in Iredell County
Houses in foreclosure and houses that have returned to the institution's holding create special appraisal difficulties.
You need to know the difference between fair market value and "quick disposition" worth to know your likely charge-off liability when dealing with a home in foreclosure. All State Appraisal Partners, Inc. has the experience in both producing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your urgency.
We have the qualifications to work with the special dynamics of a foreclosure appraisal. For a company you can rely on, contact All State Appraisal Partners, Inc..
Owners of property in foreclosure, of course, can present specific challenges. They might be opposed to allowing an inspection of the house. If they moved out of the house already, they could have not taken care of the house for a long time - or worse, damaged the home.
You will be interested in an expedited disposition if the property has already reverted to Real Estate Owned. So you may want to know about and review three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any repairs done to it, with the work necessary to make the property marketable at full market value comparable with competing properties in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly to someone who'd rather finish the job themselves. Again, we understand your timeline and the specific circumstances of a Real Estate Owned home, in addition to the special information you'll need -- competing listings, neighborhood trends, and so forth. You can rely on All State Appraisal Partners, Inc. to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.
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