Real Estate Owned and Foreclosure Appraisals in Iredell County
Homes in foreclosure and properties that have reverted to the bank's holding present unique appraisal challenges.
You need to ascertain the difference between fair market price and "quick disposition" worth to evaluate your possible charge-off liability when dealing with a home in foreclosure. We can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your urgency.
All State Appraisal Partners, Inc. has the qualifications to deal with the special dynamics of a foreclosure appraisal. For a company you can trust, contact All State Appraisal Partners, Inc..
Occupants of in foreclosure might be opposed to allowing an inspection of the house, thus presenting special challenges. They might have moved out of the property already and/or overlooked the care of the property for a long time - or worse, vandalized the home.
For a house that has already changed to bank owned, you likewise will be seeking an expeditious disposition . But you might want to understand and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any work performed, with the repairs necessary to make the property marketable at full market value comparable with competing houses in the neighborhood, 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 specific situation of a bank owned property, as well as the special data you will need -- competing listings, market trends, and the like. You can count on All State Appraisal Partners, Inc. to handle the task of your REO with expertise and professionalism. Contact us today.
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