Allatoona Appraisal is a company you can trust when it comes to bank owned properties in Kennesaw
Houses that have returned to the institution's control and houses in foreclosure create specific appraisal difficulties.
When there is a property in foreclosure, you need to understand the difference between fair market price and "quick disposition" value to evaluate your potential charge-off liability. At Allatoona Appraisal, we have the background in both furnishing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your timeline.
We have the experience to work with the particular dynamics of a foreclosure appraisal. Contact Allatoona Appraisal for a company you can trust.
Special challenges might be present when dealing with owners of homes in foreclosure. They could be uncooperative to allowing an inspection of the home. Often the homes show signs of vandalism, often at the hands of the residents themselves. Or, it's likely you'll discover a house at least abandoned or the home languishing in disrepair for extended periods of time.
For real estate that has already returned to REO, you typically will want to get rid of it quickly . But you might want to know and compare three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any work done to it, with the work needed to make the house marketable at full market value consistent with similar properties in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely to someone who'd prefer to finish the job themselves. Again, we understand your urgency and the specific situation of an REO property, in addition to the specific data you'll need -- competing listings, neighborhood trends, and so forth. You can bank on Allatoona Appraisal to take on the appraisal of your REO professionally and efficiently. Contact us today.