Foreclosure Appraisal in Randall County
There are unique appraisal challenges for a property in foreclosure or one that has returned to the institution's possession.
For a home in foreclosure, you may need to understand the gap between fair market worth and "quick disposition" price to know your likely charge-off liability. Anderson Appraisal, LLC has the background in both producing snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your timeline.
We have the experience to work with the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Anderson Appraisal, LLC.
Occupants of dwellings in foreclosure could be opposed to allowing an inspection of the home, thus presenting specific challenges. They might have moved out of the home already and/or neglected care of the house for awhile - or worse, caused damage to the property.
For real estate that has already changed to bank owned, you likewise will be interested in an expeditious disposition . But you may want to know and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any work done to it, with the work necessary to make the property marketable at full market value commensurate with competing properties in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely to someone who'd rather finish the job themselves. Again, we understand your time line and the unique situation of an REO home, in addition to the unique data you'll need -- competing listings, neighborhood trends, and so forth. You can rely on Anderson Appraisal, LLC to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.