Anderson Appraisal, LLC is experienced when it comes to foreclosures in Amarillo
There are specific appraisal difficulties for a property in foreclosure or one that has reverted to the lender's holding.
For a property in foreclosure, you might need to know the difference between the fair market price and "quick disposition" worth to know your possible charge-off liability. At Anderson Appraisal, LLC, we have the background in both providing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your urgency.
You need a company with the expertise to handle the unique dynamics of a foreclosure appraisal. Contact Anderson Appraisal, LLC for a company you can trust.
Owners of properties in foreclosure, of course, can present specific challenges. They could be disinclined to allow an inspection of the house. They could have abandoned the house already and/or overlooked the care of the property for quite awhile - or gone as far as vandalized the property.
For real estate that has already changed to REO, you most likely will want to get rid of it quickly . But you may want to know about and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any work performed, with the work needed to make the property marketable at full market value appropriate with similar homes in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly to someone who'd prefer to finish the job themselves. Again, we understand your timeline and the unique situation of a Real Estate Owned house, in addition to the unique data you'll need -- competing listings, neighborhood trends, and the like. You can rely on Anderson Appraisal, LLC to take on the task of your bank owned property professionally and efficiently. Contact us today.