REO Appraisal in Elmore CountyHomes in foreclosure and properties that have reverted to the lender's control present various appraisal difficulties. When dealing with a property in foreclosure, you need to know the difference between fair market worth and "quick disposition" price to evaluate your likely charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into consideration your time constraints. We have the training to deal with the particular dynamics of a foreclosure appraisal. Contact Central Alabama Appraisal for a company you can count on. Owners of houses in foreclosure, of course, can present unique challenges. They may be unwilling to allow an inspection of the property. If they moved out of the home already, they could have overlooked the care of the property for a long time - or even worse, ransacked the home. You'll be interested in a speedy disposition if the house has returned to bank owned. So you may want to know about and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any repairs performed, with the work called for to make the house marketable at full market value corresponding with the other homes in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your timeline and the unique situation of a bank owned property, in addition to the unique information you'll need -- competing listings, neighborhood trends, and the like. You can rely on Central Alabama Appraisal to handle the task of your bank owned property professionally and efficiently. Contact us today. |