A. M. Appraisals is a company you can trust when you need appraisals for bank owned properties in Lexington
Houses that have reverted to the bank's control and houses in foreclosure create unique appraisal problems.
When dealing with a house in foreclosure, it's important to differentiate the difference between fair market price and "quick disposition" price to evaluate your probable charge-off liability. At A. M. Appraisals, we have the background in both providing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your urgency.
The professionals at A. M. Appraisals have the qualifications to work with the unique dynamics of a foreclosure appraisal. For a company you can trust, contact A. M. Appraisals.
Occupants of homes in foreclosure might be uncooperative to allowing an inspection of the house, thus presenting unique challenges. If they have abandoned the home already, they may have not taken care of the house for quite some time - or unfortunately, caused damage to the home.
You'll be interested in a speedy disposition if the home has already changed to REO. So you need to understand and analyze three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any work done to it, with the repairs due to make the home marketable at full market value appropriate with the other properties in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your urgency and the specific situation of a Real Estate Owned house, in addition to the special information you will need -- competing listings, market trends, and the like. You can rely on A. M. Appraisals to take on the task of your bank owned property with expertise and professionalism. Contact us today.
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