REO Appraisals in Potter CountyThere are various appraisal problems when we're talking about a property in foreclosure or one that has returned to the lender's holding. For a property in foreclosure, you need to understand the difference between the fair market value and "quick disposition" value to know your potential charge-off liability. At Anderson Appraisal, LLC, we have the training in both furnishing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your time line. The professionals at Anderson Appraisal, LLC have the qualifications to deal with the unique dynamics of a foreclosure appraisal. Contact Anderson Appraisal, LLC for a company you can trust. Owners of property in foreclosure, of course, can present unique challenges. They could be disinclined to allow an inspection of the house. If they abandoned the house already, they might have neglected care of the property for some time - or unfortunately, ransacked the home. You'll be interested in an expedited disposition if the property has changed to bank owned. So you may want to understand and compare three values: as-is, as repaired, and "quick sale." These represent the value of the home without any work performed, with the repairs required to make the house marketable at full market value consistent with the other properties in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your time line and the specific circumstances of a Real Estate Owned home, in addition to the specific data you will need -- competing listings, market trends, and the like. You can bank on Anderson Appraisal, LLC to take on the task of your bank owned property with expertise and professionalism. Contact us today. |