Herrin Appraisal Company is a company you can trust when it comes to foreclosures in ForsythThere are particular appraisal problems regarding a property in foreclosure or one that has gone back to the bank's ownership. You should recognize the difference between fair market worth and "quick disposition" price to evaluate your potential write-down liability when dealing with a house in foreclosure. We can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your urgency. You need a company who has the training to deal with the special dynamics of a foreclosure appraisal. Contact Herrin Appraisal Company for a company you can rely on. Owners of homes in foreclosure, of course, can present special challenges. They might be disinclined to allow an inspection of the home. If they moved out of the property already, they may have not taken care of the property for quite some time - or worse, damaged the property. You'll be interested in a speedy disposition if the property has returned to bank owned. So you may want to know about and compare three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any work done to it, with the work necessary to make the property marketable at full market value consistent with the other properties in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely to someone who'd prefer to finish the job themselves. Again, we understand your timeline and the unique situation of an REO home, as well as the special data you'll need -- competing listings, neighborhood trends, and the like. You can count on Herrin Appraisal Company to take on the task of your bank owned property with expertise and professionalism. Contact us today. |
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