Call Anderson Appraisal, LLC to discuss appraisals of Potter foreclosures

Real Estate Owned and Foreclosure Appraisal in Potter County

There are particular appraisal challenges when we're talking about a house in foreclosure or one that has gone back to the lender's ownership.

For a home in foreclosure, you might need to recognize the difference between the fair market worth and "quick disposition" value to know your likely charge-off liability. At Anderson Appraisal, LLC, we have the background in both furnishing snapshots of fair market value for our mortgage clients, as well as "quick sale" forecasts that understand your time line.

You need a company who has the expertise to deal with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Anderson Appraisal, LLC.

Particular challenges can be present when dealing with owners of property in foreclosure. They may be disinclined to allow an inspection of the home. Sometimes the homes have been intentionally damaged, unfortunately by the former residents themselves. Or, it's common to find a house at a minimum abandoned or the home neglected for extended periods of time.

You'll be interested in a fast disposition if the home has already reverted to bank owned. So you may want to understand and compare three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any repairs performed, with the work called for to make the home marketable at full market value consistent with competing properties in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly to someone inclined to finish the job themselves. Again, we understand your timeline and the special circumstances of a bank owned house, in addition to the special data you will need -- competing listings, neighborhood trends, and the like. You can count on Anderson Appraisal, LLC to handle the task of your bank owned property with expertise and professionalism. Contact us today.