Real Estate Owned and Foreclosure Appraisal in Hardin County
There are various appraisal problems involved in a property in foreclosure or one that has returned to the bank's control.
It's vital to ascertain the difference between fair market price and "quick disposition" value to know your likely write-down liability when dealing with a home in foreclosure. T.H.E. Appraisers has the experience in both furnishing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into account your urgency.
We have the training to deal with the particular dynamics of a foreclosure appraisal. Contact T.H.E. Appraisers for a company you can trust.
Particular challenges might be present when dealing with owners of houses in foreclosure. They may be opposed to allowing an inspection of the home. They could have deserted the property already and/or neglected care of the home for awhile - or even worse, caused damage to the home.
You'll be interested in an expeditious disposition if the home has already reverted to Real Estate Owned. So you may want to know and examine three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any repairs done to it, with the repairs due to make the home marketable at full market value comparable with competing real estate in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your time line and the unique circumstances of an REO property, as well as the special information you will need -- competing listings, neighborhood trends, and the like. You can rely on T.H.E. Appraisers to take on the task of your REO professionally and efficiently. Contact us today.