REO and Foreclosure Appraisal in Potter CountyProperties that have gone back to the bank's holding and houses in foreclosure present special appraisal challenges. For a property in foreclosure, you should know the difference between the fair market worth and "quick disposition" to know your possible charge-off liability. At Anderson Appraisal, LLC, we have the knowledge in both furnishing snapshots of fair market value for our mortgage clients, in addition to "quick sale" forecasts that understand your timeline. You need a company with the experience to deal with the particular dynamics of a foreclosure appraisal. Contact Anderson Appraisal, LLC for a company you can count on. Occupants of properties in foreclosure may be disinclined to allow an inspection of the home, thus presenting specific challenges. They may have moved out of the house already and/or neglected care of the home for quite awhile - or in some cases caused damage to the property. You'll be interested in a quick disposition if the home has gone back to REO. So you need to know about and compare three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any repairs performed, with the repairs needed to make the home marketable at full market value appropriate with competing homes in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your timeline and the specific situation of a Real Estate Owned house, as well as the special information you will need -- competing listings, neighborhood trends, and so forth. You can count on Anderson Appraisal, LLC to handle the task of your bank owned property with expertise and professionalism. Contact us today. |