Central Alabama Appraisal is a company you can trust when you need appraisals for foreclosures in ElmoreProperties that have gone back to the financial institution's control and properties in foreclosure create unique appraisal problems. For a home in foreclosure, you need to understand the difference between fair market and "quick disposition" value to know your likely charge-off liability. Central Alabama Appraisal has the knowledge in both supplying snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that take into consideration your urgency. We have the qualifications to handle the specific dynamics of a foreclosure appraisal. Contact Central Alabama Appraisal for a company you can trust. Occupants of houses in foreclosure may be unwilling to allow an inspection of the home, thus presenting special challenges. They may have deserted the home already and/or ignored the care of the home for quite some time - or unfortunately, vandalized the house. You'll be interested in a fast disposition if the home has already changed to Real Estate Owned. So you need to know and examine three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any work performed, with the repairs required to make the home marketable at full market value commensurate with competing properties in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your time line and the specific situation of a bank owned home, in addition to the special information you will need -- competing listings, neighborhood trends, and the like. You can count on Central Alabama Appraisal to take on the appraisal of your bank owned property professionally and efficiently. Contact us today. |