REO Appraisals in Cobb County
There are various appraisal problems regarding a house in foreclosure or one that has gone back to the institution's control.
When there is a house in foreclosure, it's important to understand the difference between fair market price and "quick disposition" value to analyze your potential charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into consideration your time line.
The professionals at Allatoona Appraisal have the experience to deal with the particular dynamics of a foreclosure appraisal. Contact Allatoona Appraisal for a company you can trust.
Owners of houses in foreclosure, of course, can present particular challenges. They may be uncooperative to allowing an inspection of the home. If they moved out of the property already, they may have ignored the care of the house for awhile - or even worse, ransacked the home.
You will be interested in a quick disposition if the house has already gone back to Real Estate Owned. So you might want to know and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any repairs done to it, with the work required to make the home marketable at full market value commensurate with similar homes in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your urgency and the unique situation of a bank owned home, as well as the specific information you'll need -- competing listings, market trends, and the like. You can bank on Allatoona Appraisal to handle the task of your bank owned property with expertise and professionalism. Contact us today.