REO and Foreclosure Appraisal in Lexington County
Houses that have reverted to the financial institution's holding and houses in foreclosure present particular appraisal difficulties.
For a house in foreclosure, you might need to understand the gap between the fair market worth and "quick disposition" worth to know your probable charge-off liability. At A. M. Appraisals, we have the experience in both presenting snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your time constraints.
The professionals at A. M. Appraisals have the training to deal with the special dynamics of a foreclosure appraisal. Contact A. M. Appraisals for a company you can rely on.
Owners of houses in foreclosure, of course, can present specific challenges. They could be disinclined to allow an inspection of the property. They might have abandoned the house already and/or overlooked the care of the home for quite some time - or gone as far as intentionally harmed the property.
If your property has already gone back to bank owned, you will interested in an expedited disposition. But you may want to know and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any work performed, with the repairs needed to make the house marketable at full market value commensurate with similar properties in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your urgency and the specific circumstances of a bank owned home, as well as the specific data you will need -- competing listings, market trends, and the like. You can rely on A. M. Appraisals to take on the task of your REO professionally and efficiently. Contact us today.
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