A. M. Appraisals is a company you can trust when you need appraisals for bank owned properties in Lexington
Real Estate in foreclosure and homes that have reverted to the institution's possession create particular appraisal problems.
When there is a home in foreclosure, it's important to understand the difference between fair market value and "quick disposition" worth to evaluate your potential charge-off liability. The professionals at A. M. Appraisals can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into account your timeline.
We have the experience to deal with the particular dynamics of a foreclosure appraisal. Contact A. M. Appraisals for a company you can count on.
Special challenges may be present when working with owners of houses in foreclosure. They may be disinclined to allow an inspection of the property. Sometimes the houses have been vandalized, often at the hands of the residents themselves. Or, it's likely you'll discover nobody has occupied the house for months or the home neglected for extended periods of time.
You will be interested in a fast disposition if the property has reverted to Real Estate Owned. So you need to understand and review three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any repairs performed, with the repairs called for to make the property marketable at full market value commensurate with similar houses in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your urgency and the special situation of a bank owned home, in addition to the specific information you'll need -- competing listings, market trends, and so forth. You can count on A. M. Appraisals to handle the task of your REO with expertise and professionalism. Contact us today.
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