Herrin Appraisal Company is experienced when it comes to foreclosures in ClemmonsHouses that have returned to the institution's holding and properties in foreclosure present various appraisal difficulties. When dealing with a property in foreclosure, you need to ascertain the difference between fair market price and "quick disposition" price to evaluate your possible charge-off liability. Herrin Appraisal Company has the training in both supplying snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into consideration your time constraints. We have the experience to handle the unique dynamics of a foreclosure appraisal. For a company you can count on, contact Herrin Appraisal Company. Special challenges may be present when dealing with owners of property in foreclosure. They may be disinclined to allow an inspection of the house. They could have deserted the home already and/or neglected care of the home for quite some time - or unfortunately, intentionally harmed the house. If your property has already reverted to bank owned, you will interested in a fast disposition. However, you might want to understand and compare three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any work done to it, with the work called for to make the house marketable at full market value commensurate with similar properties in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your time line and the special circumstances of a bank owned home, in addition to the special information you'll need -- competing listings, neighborhood trends, and so forth. You can count on Herrin Appraisal Company to take on the task of your REO with expertise and professionalism. Contact us today. |
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