Call Allatoona Appraisal when you need valuations regarding Cobb foreclosures

Real Estate Owned and Foreclosure Appraisals in Cobb County

There are unique appraisal problems for a property in foreclosure or one that has returned to the financial institution's holding.

You need to recognize the meanings of "market value" and a "quick disposition" price to evaluate what losses you could realize when dealing with a house in foreclosure. At Allatoona Appraisal, we have the training in both producing snapshots of market value for our mortgage clients, as well as "quick sale" forecasts that understand your urgency.

Allatoona Appraisal has the expertise to work with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Allatoona Appraisal.

Specific challenges can be present when dealing with owners of houses in foreclosure. They might be disinclined to allow an inspection of the property. Sometimes the properties have been intentionally damaged, often at the hands of the former residents themselves. Or, it's likely you'll find the previous owners have moved out or the home languishing in disrepair for extended periods of time.

For a home that has already changed to REO, you probably will want it off your hands as quickly as possible. Regardless, you'll still want to consider three ways of determining the value of the asset:

  • As Repaired. Possible market value with the work required to make the property marketable at full market value - consistent with similar real estate in the neighborhood
  • As-is. The value of the property without any repairs done to it
  • Quick sale. Somewhere in between, with minor investment in repairs - to offload the property quickly, probably to someone inclined to finish the job themselves
Again, we understand your timeline and the specific circumstances of a bank owned house, as well as the unique information you'll need - competing listings, neighborhood trends, and so forth. You can count on Allatoona Appraisal to take on the task of your bank owned property with expertise and professionalism. Contact us today.