Allatoona Appraisal is a company you can trust when it comes to foreclosures in Cobb
There are various appraisal challenges when it comes to a house in foreclosure or one that has reverted to the financial institution's possession.
When dealing with a property in foreclosure, you should differentiate the difference between fair market price and "quick disposition" price to know your probable charge-off liability. At Allatoona Appraisal, we have the knowledge in both producing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your urgency.
The professionals at Allatoona Appraisal have the experience to deal with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Allatoona Appraisal.
Owners of dwellings in foreclosure could be uncooperative to allowing an inspection of the house, thus presenting unique challenges. Often the properties have been vandalized, often by the residents. Or, it's common to find nobody has lived in house for months or the home neglected for extended periods of time.
For a property that has returned to REO, you probably will want it off your hands as quickly as possible . But you may want to know about and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any work done to it, with the repairs needed to make the property marketable at full market value corresponding with the other properties in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly to someone who'd prefer to finish the job themselves. Again, we understand your timeline and the specific circumstances of a bank owned property, in addition to the special data you will need -- competing listings, neighborhood trends, and so forth. You can count on Allatoona Appraisal to take on the appraisal of your REO with expertise and professionalism. Contact us today.