Allatoona Appraisal is experienced when it comes to foreclosures in Cobb
Houses that have returned to the financial institution's possession and properties in foreclosure create special appraisal difficulties.
For a house in foreclosure, you might need to understand the gap between the fair market worth and "quick disposition" price to know your possible charge-off liability. At Allatoona Appraisal, we have the background in both furnishing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time line.
You need a company with the expertise to work with the specific dynamics of a foreclosure appraisal. Contact Allatoona Appraisal for a company you can count on.
Owners of properties in foreclosure, of course, can present particular challenges. They could be unwilling to allow an inspection of the house. If they abandoned the house already, they might have ignored the care of the house for a long time - or unfortunately, ransacked the home.
If your house has reverted to Real Estate Owned, you will interested in a fast disposition. But you might want to know about and review three values: as-is, as repaired, and "quick sale." These represent the value of the house without any repairs done to it, with the repairs required to make the home marketable at full market value comparable with competing properties in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your time line and the unique circumstances of an REO house, in addition to the special information you'll need -- competing listings, market trends, and so forth. You can bank on Allatoona Appraisal to take on the task of your bank owned property with expertise and professionalism. Contact us today.