Foreclosure and REO Appraisals in Cobb County
Properties that have reverted to the financial institution's ownership and houses in foreclosure present particular appraisal problems.
It's important to understand the difference between fair market price and "quick disposition" value to analyze your possible write-down liability when dealing with a house in foreclosure. Allatoona Appraisal has the training in both presenting snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time constraints.
You need a company who has the training to work with the unique dynamics of a foreclosure appraisal. Contact Allatoona Appraisal for a company you can trust.
Particular challenges can be present when dealing with owners of houses in foreclosure. They could be opposed to allowing an inspection of the home. If they abandoned the home already, they may have not taken care of the property for a long time - or even worse, damaged the home.
If your house has already reverted to REO, you will interested in a speedy disposition. However, you might want to understand and compare three values: as-is, as repaired, and "quick sale." These represent the value of the property without any work done to it, with the work required to make the property marketable at full market value commensurate with competing real estate in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your time line and the specific situation of a Real Estate Owned property, in addition to the special information you'll need -- competing listings, market trends, and the like. You can count on Allatoona Appraisal to handle the task of your REO with expertise and professionalism. Contact us today.