Foreclosure Appraisal in Cobb CountyHouses in foreclosure and homes that have returned to the lender's possession present specific appraisal challenges. When there is a property in foreclosure, you need to recognize the difference between fair market value and "quick disposition" worth to analyze your probable charge-off liability. Allatoona Appraisal has the training in both presenting snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into account your urgency. You need a company who has the expertise to work with the particular dynamics of a foreclosure appraisal. Contact Allatoona Appraisal for a company you can rely on. Owners of property in foreclosure may be disinclined to allow an inspection of the property, thus presenting special challenges. Often the properties show signs of vandalism, unfortunately at the hands of the residents. Or, it's common to find nobody has occupied the house for months or the home neglected for extended periods of time. If your house has already changed to bank owned, you will interested in a speedy disposition. But you may want to understand and compare three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any repairs done to it, with the work necessary to make the house marketable at full market value appropriate with the other houses in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your timeline and the special circumstances of an REO house, as well as the specific data you will need -- competing listings, market trends, and the like. You can rely on Allatoona Appraisal to take on the task of your REO with expertise and professionalism. Contact us today. |