Herrin Appraisal Company is experienced when you need appraisals for bank owned properties in ClemmonsReal Estate in foreclosure and properties that have returned to the bank's ownership create specific appraisal problems. When there is a property in foreclosure, it's important to recognize the difference between fair market worth and "quick disposition" value to analyze your possible charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your time line. The professionals at Herrin Appraisal Company have the qualifications to deal with the unique dynamics of a foreclosure appraisal. For a company you can trust, contact Herrin Appraisal Company. Particular challenges may be present when dealing with owners of houses in foreclosure. They might be unwilling to allow an inspection of the house. If they moved out of the property already, they may have ignored the care of the property for some time - or even worse, ransacked the house. You will be interested in an expedited disposition if the property has returned to REO. So you need to know about and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any repairs done to it, with the repairs needed to make the house marketable at full market value consistent with the other real estate in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your time line and the unique situation of an REO home, as well as the special data you will need -- competing listings, market trends, and so forth. You can bank on Herrin Appraisal Company to take on the appraisal of your bank owned property professionally and efficiently. Contact us today. |
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