Foreclosure and Real Estate Owned Appraisals in Hardin County
Properties in foreclosure and homes that have gone back to the bank's possession present special appraisal challenges.
For a property in foreclosure, you might need to recognize the gap between fair market price and "quick disposition" value to know your potential charge-off liability. T.H.E. Appraisers has the experience in both providing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your urgency.
You need a company who has the experience to handle the particular dynamics of a foreclosure appraisal. Contact T.H.E. Appraisers for a company you can trust.
Unique challenges may be present when working with owners of properties in foreclosure. They might be disinclined to allow an inspection of the house. If they moved out of the home already, they could have neglected care of the house for awhile - or worse, damaged the home.
For real estate that has returned to REO, you most likely will be going for a fast disposition . However, you may want to understand and analyze three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any repairs performed, with the repairs necessary to make the house marketable at full market value comparable with the other real estate in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely to someone who'd rather finish the job themselves. Again, we understand your time line and the specific situation of a bank owned home, as well as the unique information you will need -- competing listings, neighborhood trends, and so forth. You can bank on T.H.E. Appraisers to handle the task of your REO professionally and efficiently. Contact us today.