Foreclosure and Real Estate Owned Appraisals in Iredell CountyHouses that have gone back to the institution's control and homes in foreclosure bring forth specific appraisal problems. For a home in foreclosure, you may need to recognize the difference between the fair market value and "quick disposition" value to know your probable charge-off liability. All State Appraisal Partners, Inc. has the background in both providing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time line. All State Appraisal Partners, Inc. has the expertise to handle the unique dynamics of a foreclosure appraisal. For a company you can count on, contact All State Appraisal Partners, Inc.. Special challenges can be present when working with owners of properties in foreclosure. They may be disinclined to allow an inspection of the house. If they deserted the house already, they could have neglected care of the house for some time - or unfortunately, ransacked the property. You will be interested in an expeditious disposition if the home has returned to bank owned. So you need to know about and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any work done to it, with the repairs necessary to make the property marketable at full market value commensurate with similar homes in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your urgency and the unique situation of a bank owned house, in addition to the specific 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. |
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