Foreclosure and REO Appraisal in Cobb County
Houses in foreclosure and homes that have reverted to the institution's holding bring forth special appraisal difficulties.
For a home in foreclosure, you should understand the difference between fair market and "quick disposition" to know your probable charge-off liability. Allatoona Appraisal has the knowledge in both furnishing snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your timeline.
We have the qualifications to work with the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Allatoona Appraisal.
Occupants of properties in foreclosure may be opposed to allowing an inspection of the property, thus presenting particular challenges. They may have abandoned the home already and/or ignored the care of the house for some time - or even worse, caused damage to the property.
You'll be interested in a speedy disposition if the home has returned to bank owned. So you need to know about and compare three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any repairs performed, with the work necessary to make the house marketable at full market value corresponding with similar houses in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your time line and the special circumstances of a bank owned property, as well as the special data you'll need -- competing listings, market trends, and the like. You can rely on Allatoona Appraisal to handle the task of your bank owned property with expertise and professionalism. Contact us today.