Appraisal Associates is experienced when you need appraisals for bank owned properties in JeffersonThere are special appraisal problems for a home in foreclosure or one that has returned to the institution's control. When there is a house in foreclosure, you should recognize the difference between fair market worth and "quick disposition" worth to evaluate your possible charge-off liability. At Appraisal Associates, we have the knowledge in both furnishing snapshots of fair market value for our mortgage lending and servicing clients, in addition to "quick sale" forecasts that understand your urgency. You need a company who has the expertise to handle the particular dynamics of a foreclosure appraisal. For a company you can count on, contact Appraisal Associates. Special challenges can be present when working with owners of properties in foreclosure. They may be opposed to allowing an inspection of the home. If they have abandoned the property already, they might have neglected care of the property for awhile - or worse, damaged the home. You'll be interested in an expedited disposition if the house has already returned to bank owned. So you may want to know and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any repairs done to it, with the work necessary to make the property marketable at full market value consistent with competing real estate in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your urgency and the specific circumstances of an REO house, as well as the unique information you will need -- competing listings, neighborhood trends, and so forth. You can rely on Appraisal Associates to take on the appraisal of your bank owned property professionally and efficiently. Contact us today. |