Foreclosure and Real Estate Owned Appraisals in Hardin County
There are unique appraisal problems when we're talking about a property in foreclosure or one that has reverted to the lender's ownership.
It's important to ascertain the difference between fair market price and "quick disposition" value to evaluate your likely write-down liability when dealing with a property in foreclosure. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into consideration your time constraints.
T.H.E. Appraisers has the qualifications to deal with the specific dynamics of a foreclosure appraisal. Contact T.H.E. Appraisers for a company you can trust.
Owners of houses in foreclosure, of course, can present unique challenges. They might be opposed to allowing an inspection of the house. They may have abandoned the home already and/or neglected care of the house for awhile - or worse, damaged the house.
You will be interested in a fast disposition if the property has changed to REO. So you need to understand and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any repairs performed, with the repairs called for to make the property marketable at full market value comparable with competing houses in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your time line and the unique situation of a Real Estate Owned house, in addition to the specific information you'll need -- competing listings, neighborhood trends, and so forth. You can bank on T.H.E. Appraisers to take on the task of your bank owned property with expertise and professionalism. Contact us today.