All State Appraisal Partners, Inc. is experienced when it comes to bank owned properties in Iredell
Homes that have returned to the bank's control and properties in foreclosure bring forth particular appraisal difficulties.
It's important to know the difference between fair market value and "quick disposition" value to evaluate your potential charge-off liability when dealing with a house in foreclosure. The professionals at All State Appraisal Partners, Inc. can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that take into account your urgency.
We have the experience to work with the particular dynamics of a foreclosure appraisal. For a company you can count on, contact All State Appraisal Partners, Inc..
Unique challenges may be present when dealing with owners of homes in foreclosure. They could be disinclined to allow an inspection of the property. Often the properties show signs of vandalism, often at the hands of the residents themselves. Or, it's common to find the previous owners have moved out or the home languishing in disrepair for extended periods of time.
For a property that has returned to bank owned, you typically will want it off your hands as quickly as possible . However, you might want to know and review three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any repairs performed, with the work needed to make the house marketable at full market value comparable with competing real estate in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your time line and the unique circumstances of a bank owned property, as well as the unique information you will need -- competing listings, neighborhood trends, and the like. You can count on All State Appraisal Partners, Inc. to take on the task of your bank owned property professionally and efficiently. Contact us today.
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