Foreclosure and Real Estate Owned Appraisal in Cobb County
Properties that have returned to the bank's possession and properties in foreclosure bring forth unique appraisal difficulties.
When dealing with a property in foreclosure, it's important to ascertain the difference between fair market worth and "quick disposition" value to analyze your likely charge-off liability. Allatoona Appraisal has the knowledge in both providing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your timeline.
You need a company who has the experience to work with the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact Allatoona Appraisal.
Special challenges can be present when dealing with owners of property in foreclosure. They may be unwilling to allow an inspection of the house. They may have moved out of the house already and/or ignored the care of the property for a long time - or gone as far as intentionally harmed the home.
You'll be interested in an expedited disposition if the home has already returned to Real Estate Owned. So you may want to understand and analyze three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any repairs performed, with the work necessary to make the house marketable at full market value consistent with the other real estate in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably to someone who'd rather finish the job themselves. Again, we understand your timeline and the unique situation of a bank owned property, as well as the unique information you'll need -- competing listings, neighborhood trends, and so forth. You can rely on Allatoona Appraisal to take on the appraisal of your REO professionally and efficiently. Contact us today.