REO Appraisal in Lexington County
Real Estate in foreclosure and houses that have returned to the bank's possession bring forth various appraisal problems.
For a property in foreclosure, you might need to understand the gap between the fair market price and "quick disposition" worth to know your potential charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time constraints.
The professionals at A. M. Appraisals have the experience to work with the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact A. M. Appraisals.
Particular challenges may be present when dealing with owners of properties in foreclosure. They might be unwilling to allow an inspection of the house. Often the subjects have been ransacked, often by the former residents. Or, it's common to find a house at least abandoned or the home neglected for extended periods of time.
If your house has already returned to bank owned, you will interested in an expedited disposition. But you may want to know and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any repairs performed, with the repairs called for to make the property marketable at full market value commensurate with competing homes in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly to someone inclined to finish the job themselves. Again, we understand your time line and the special circumstances of a bank owned house, as well as the special data you'll need -- competing listings, market trends, and so forth. You can bank on A. M. Appraisals to take on the appraisal of your REO professionally and efficiently. Contact us today.
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