All State Appraisal Partners, Inc. is a company you can trust when it comes to bank owned properties in Mooresville
Real Estate in foreclosure and houses that have reverted to the bank's holding bring forth specific appraisal difficulties.
You should understand the difference between fair market price and "quick disposition" value to evaluate your probable charge-off liability when dealing with a house in foreclosure. All State Appraisal Partners, Inc. has the knowledge in both presenting snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your time constraints.
We have the experience to work with the unique dynamics of a foreclosure appraisal. Contact All State Appraisal Partners, Inc. for a company you can rely on.
Owners of homes in foreclosure, of course, can present special challenges. They might be uncooperative to allowing an inspection of the property. Often the subjects show signs of vandalism, unfortunately at the hands of the residents themselves. Or, it's likely you'll discover a house at least abandoned or the home neglected for extended periods of time.
You'll be interested in an expeditious disposition if the house has already changed to REO. So you need to know and compare three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any repairs performed, with the repairs due to make the house marketable at full market value appropriate with competing homes in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your time line and the unique situation of a Real Estate Owned house, as well as the special data you'll need -- competing listings, neighborhood trends, and the like. You can count on All State Appraisal Partners, Inc. to take on the task of your REO professionally and efficiently. Contact us today.
Got a Question?
Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.