Allatoona Appraisal is experienced when it comes to foreclosures in Acworth
Properties that have returned to the institution's ownership and properties in foreclosure bring forth specific appraisal difficulties.
You need to know the difference between fair market worth and "quick disposition" price to analyze your possible charge-off liability when dealing with a house in foreclosure. We can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time line.
We have the expertise to deal with the specific dynamics of a foreclosure appraisal. Contact Allatoona Appraisal for a company you can rely on.
Owners of in foreclosure could be uncooperative to allowing an inspection of the property, thus presenting specific challenges. If they left the house already, they could have overlooked the care of the property for quite some time - or worse, caused damage to the house.
You will be interested in a speedy disposition if the home has gone back to bank owned. So you need to know about and review three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any repairs done to it, with the work called for to make the house marketable at full market value corresponding with similar properties in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your timeline and the special situation of a bank owned home, in addition to the unique data you'll need -- competing listings, neighborhood trends, and the like. You can bank on Allatoona Appraisal to take on the task of your REO with expertise and professionalism. Contact us today.