Real Estate Owned and Foreclosure Appraisals in Potter County
There are special appraisal challenges for a property in foreclosure or one that has returned to the bank's possession.
When dealing with a house in foreclosure, it's important to recognize the difference between fair market worth and "quick disposition" worth to evaluate your likely charge-off liability. Anderson Appraisal, LLC has the experience in both providing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your urgency.
The professionals at Anderson Appraisal, LLC have the qualifications to handle the special dynamics of a foreclosure appraisal. Contact Anderson Appraisal, LLC for a company you can rely on.
Unique challenges can be present when working with owners of houses in foreclosure. They might be unwilling to allow an inspection of the house. They could have moved out of the house already and/or ignored the care of the property for quite awhile - or unfortunately, caused damage to the house.
You'll be interested in an expeditious disposition if the house has gone back to Real Estate Owned. So you need to know about and analyze three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any repairs done to it, with the work necessary to make the house marketable at full market value consistent with competing homes in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your time line and the specific circumstances of a Real Estate Owned home, as well as the specific data you will need -- competing listings, neighborhood trends, and so forth. You can count on Anderson Appraisal, LLC to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.