All State Appraisal Partners, Inc. is a company you can trust when it comes to bank owned properties in Iredell
There are special appraisal difficulties regarding a property in foreclosure or one that has returned to the lender's ownership.
When dealing with a property in foreclosure, it's important to differentiate the difference between fair market worth and "quick disposition" value to evaluate your potential charge-off liability. At All State Appraisal Partners, Inc., we have the experience in both producing snapshots of fair market value for our mortgage lending and servicing clients, in addition to "quick sale" forecasts that understand your timeline.
You need a company who has the expertise to handle the specific dynamics of a foreclosure appraisal. Contact All State Appraisal Partners, Inc. for a company you can count on.
Owners of homes in foreclosure, of course, can present unique challenges. They may be disinclined to allow an inspection of the house. If they left the house already, they may have not taken care of the home for quite some time - or even worse, ransacked the home.
You will be interested in a speedy disposition if the house has reverted to bank owned. So you may want to know and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the property without any repairs performed, with the repairs required to make the house marketable at full market value commensurate with competing real estate in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your urgency and the specific circumstances of a Real Estate Owned home, in addition to the special data you will need -- competing listings, neighborhood trends, and the like. You can rely on All State Appraisal Partners, Inc. to handle the appraisal of your REO with expertise and professionalism. Contact us today.
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