Anderson Appraisal, LLC is a company you can trust when it comes to foreclosures in Amarillo
There are specific appraisal difficulties regarding a house in foreclosure or one that has returned to the bank's ownership.
When dealing with a house in foreclosure, it's important to differentiate the difference between fair market value and "quick disposition" worth to evaluate your potential charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your urgency.
Anderson Appraisal, LLC has the expertise to handle the particular dynamics of a foreclosure appraisal. For a company you can trust, contact Anderson Appraisal, LLC.
Owners of homes in foreclosure could be uncooperative to allowing an inspection of the property, thus presenting special challenges. Sometimes the homes have been intentionally damaged, often by the residents themselves. Or, it's likely you'll discover a house at least abandoned or the home neglected for extended periods of time.
For real estate that has already returned to Real Estate Owned, you probably will want to get rid of it quickly . However, you may want to understand and compare three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any work done to it, with the repairs required to make the property marketable at full market value comparable with competing houses in the neighborhood, and, somewhere in the middle, 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 home, in addition to the special data you will need -- competing listings, market trends, and so forth. You can count on Anderson Appraisal, LLC to handle the task of your REO professionally and efficiently. Contact us today.