REO Appraisal in Iredell CountyThere are specific appraisal problems when we're talking about a property in foreclosure or one that has returned to the lender's possession. You need to understand the difference between fair market worth and "quick disposition" value to evaluate what losses you might sustain when dealing with a house in foreclosure. At All State Appraisal Partners, Inc., we have the background in both supplying snapshots of fair market value for our mortgage lending and servicing clients, in addition to "quick sale" forecasts that understand your urgency. You need a company who has the expertise 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 might be opposed to allowing an inspection of the house, thus presenting unique challenges. Sometimes the properties show signs of vandalism, often by the residents themselves. Or, it's common to discover a house at least abandoned or the home neglected for extended periods of time. You will be interested in a speedy disposition if the property has already changed to Real Estate Owned. So you need to understand and review three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any repairs performed, with the repairs necessary to make the home marketable at full market value corresponding with the other houses in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably to someone who'd prefer to finish the job themselves. Again, we understand your time line and the special circumstances of a Real Estate Owned home, in addition to the unique data you will need -- competing listings, market trends, and the like. You can bank on All State Appraisal Partners, Inc. to take on the task of your REO professionally and efficiently. Contact us today. |
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