Anderson Appraisal, LLC is experienced when it comes to foreclosures in Potter
Homes that have gone back to the institution's holding and houses in foreclosure bring forth unique appraisal challenges.
You should ascertain the difference between fair market price and "quick disposition" price to know what losses you might realize when dealing with a property in foreclosure. Anderson Appraisal, LLC has the experience in both presenting snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your timeline.
You need a company with the experience to handle the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact Anderson Appraisal, LLC.
Owners of houses in foreclosure, of course, can present special challenges. They could be opposed to allowing an inspection of the property. If they deserted the house already, they could have neglected care of the home for quite awhile - or even worse, caused damage to the house.
You will be interested in an expedited disposition if the property has changed to REO. So you might want to know and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any repairs performed, with the work required to make the home marketable at full market value appropriate with competing real estate in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your urgency and the specific situation of a Real Estate Owned property, in addition to the unique data you will need -- competing listings, market trends, and so forth. You can bank on Anderson Appraisal, LLC to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.