![]() Real Estate Owned and Foreclosure Appraisals in Lexington CountyHouses in foreclosure and properties that have returned to the lender's ownership create particular appraisal challenges. For a property in foreclosure, you should understand the gap between fair market worth and "quick disposition" value to know your likely charge-off liability. A. M. Appraisals has the experience in both producing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time constraints. You need a company with the expertise to deal with the particular dynamics of a foreclosure appraisal. Contact A. M. Appraisals for a company you can trust. Owners of homes in foreclosure might be unwilling to allow an inspection of the house, thus presenting particular challenges. They could have deserted the home already and/or overlooked the care of the home for quite awhile - or in some cases caused damage to the property. If your home has gone back to Real Estate Owned, you will interested in a fast disposition. However, you might want to know about and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any repairs performed, with the work required to make the property marketable at full market value corresponding with similar homes in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your timeline and the special circumstances of an REO property, in addition to the special information you'll need -- competing listings, market trends, and so forth. You can bank on A. M. Appraisals to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today. |
Got a Question?
Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.