Real Estate Owned and Foreclosure Appraisals in Hardin County
There are specific appraisal problems when it comes to a house in foreclosure or one that has returned to the lender's possession.
When there is a home in foreclosure, you should know the difference between fair market worth and "quick disposition" price to evaluate your potential 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 constraints.
You need a company who has the experience to work with the specific dynamics of a foreclosure appraisal. Contact T.H.E. Appraisers for a company you can rely on.
Owners of property in foreclosure, of course, can present special challenges. They might be opposed to allowing an inspection of the house. They could have left the property already and/or ignored the care of the property for awhile - or even worse, caused damage to the house.
If your house has already reverted to Real Estate Owned, you will interested in an expedited disposition. But you may want to know and analyze 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 required to make the home marketable at full market value comparable with competing properties in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your timeline and the specific circumstances of a Real Estate Owned property, as well as the special data you will need -- competing listings, market trends, and so forth. You can rely on T.H.E. Appraisers to take on the task of your REO with expertise and professionalism. Contact us today.