Foreclosure and REO Appraisals in Potter County
Homes that have reverted to the bank's control and properties in foreclosure present special appraisal problems.
You should ascertain the difference between fair market price and "quick disposition" worth to know your potential charge-off liability when dealing with a house in foreclosure. At Anderson Appraisal, LLC, we have the training in both supplying snapshots of fair market value for our mortgage clients, as well as "quick sale" forecasts that understand your time constraints.
We have the training to handle the specific dynamics of a foreclosure appraisal. Contact Anderson Appraisal, LLC 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 property. They could have moved out of the property already and/or neglected care of the home for awhile - or worse, intentionally harmed the property.
You will be interested in a quick disposition if the property has reverted to bank owned. So you might want to know about and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any repairs done to it, with the repairs due to make the house marketable at full market value commensurate with the other real estate in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely to someone who'd prefer to finish the job themselves. Again, we understand your time line and the special circumstances of a bank owned house, as well as the unique data you will need -- competing listings, neighborhood trends, and so forth. You can bank on Anderson Appraisal, LLC to take on the appraisal of your REO professionally and efficiently. Contact us today.