A. M. Appraisals is a company you can trust when you need appraisals for foreclosures in Lexington
There are unique appraisal challenges when we're talking about a house in foreclosure or one that has returned to the financial institution's holding.
For a home in foreclosure, you may need to recognize the gap between the fair market worth and "quick disposition" price to know your probable charge-off liability. At A. M. Appraisals, we have the background in both presenting snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your time constraints.
The professionals at A. M. Appraisals have the qualifications to deal with the specific dynamics of a foreclosure appraisal. Contact A. M. Appraisals for a company you can count on.
Owners of houses in foreclosure might be uncooperative to allowing an inspection of the property, thus presenting unique challenges. They could have left the house already and/or ignored the care of the property for quite some time - or unfortunately, vandalized the home.
You'll be interested in a quick disposition if the property has changed to bank owned. So you need to understand and review three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any repairs performed, with the repairs necessary to make the house marketable at full market value consistent with the other properties in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your timeline and the specific circumstances of a bank owned property, in addition to the specific information you will need -- competing listings, neighborhood trends, and the like. You can count on A. M. Appraisals to take on the task of your REO with expertise and professionalism. Contact us today.
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