REO and Foreclosure Appraisals in Cobb County
Properties that have returned to the financial institution's holding and houses in foreclosure bring forth specific appraisal difficulties.
When there is a house in foreclosure, you need to differentiate the difference between fair market value and "quick disposition" price to evaluate your possible charge-off liability. Allatoona Appraisal has the experience in both supplying snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your urgency.
We have the experience to handle the unique dynamics of a foreclosure appraisal. For a company you can count on, contact Allatoona Appraisal.
Owners of properties in foreclosure, of course, can present particular challenges. They may be unwilling to allow an inspection of the home. Sometimes the subjects have been vandalized, often by the residents themselves. Or, it's likely you'll find the residents have moved out or the home languishing in disrepair for extended periods of time.
If your house has already returned to bank owned, you will interested in a quick disposition. But you might want to know about and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any work performed, with the work called for to make the property marketable at full market value comparable with the other properties in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your timeline and the special situation of an REO home, in addition to the unique information you will need -- competing listings, neighborhood trends, and so forth. You can rely on Allatoona Appraisal to take on the appraisal of your REO professionally and efficiently. Contact us today.