Allatoona Appraisal is a company you can trust when you need appraisals for foreclosures in Cobb
Homes that have reverted to the institution's possession and houses in foreclosure create special appraisal problems.
When there is a house in foreclosure, it's important to recognize the difference between fair market value and "quick disposition" price to analyze your probable charge-off liability. At Allatoona Appraisal, we have the training in both supplying snapshots of fair market value for our mortgage clients, as well as "quick sale" forecasts that understand your timeline.
You need a company who has the training to work with the special dynamics of a foreclosure appraisal. Contact Allatoona Appraisal for a company you can trust.
Unique challenges can be present when working with owners of houses in foreclosure. They could be disinclined to allow an inspection of the house. They may have abandoned the house already and/or ignored the care of the home for awhile - or worse, intentionally harmed the house.
You will be interested in an expedited disposition if the property has changed to Real Estate Owned. So you may want to know about and review three values: as-is, as repaired, and "quick sale." These represent the value of the property without any repairs performed, with the work necessary to make the house marketable at full market value appropriate with competing real estate in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably to someone who'd rather finish the job themselves. Again, we understand your timeline and the specific circumstances of a bank owned home, in addition to the specific information you'll need -- competing listings, market trends, and so forth. You can bank on Allatoona Appraisal to take on the appraisal of your REO professionally and efficiently. Contact us today.