Herrin Appraisal Company is experienced when it comes to bank owned properties in Forsyth
Properties that have returned to the financial institution's holding and properties in foreclosure bring forth various appraisal problems.
It's important to differentiate the difference between fair market price and "quick disposition" worth to evaluate what losses you might sustain when dealing with a property in foreclosure. Herrin Appraisal Company has the background in both furnishing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into consideration your urgency.
The professionals at Herrin Appraisal Company have the qualifications to deal with the special dynamics of a foreclosure appraisal. Contact Herrin Appraisal Company for a company you can rely on.
Owners of homes in foreclosure, of course, can present unique challenges. They might be uncooperative to allowing an inspection of the house. They might have left the home already and/or neglected care of the home for awhile - or worse, damaged the property.
For a home that has gone back to REO, you probably will be going for a quick disposition . However, you may want to understand and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any work performed, with the work required to make the home marketable at full market value commensurate with competing houses in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your timeline and the specific circumstances of a bank owned home, as well as the specific data you'll need -- competing listings, neighborhood trends, and so forth. You can rely on Herrin Appraisal Company to handle the appraisal of your REO professionally and efficiently. Contact us today.
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