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Foreclosure and Real Estate Owned Appraisal in Randall County
Real Estate in foreclosure and houses that have reverted to the institution's ownership bring forth unique appraisal problems.
For a home in foreclosure, you should recognize the difference between the market and a "quick disposition" assessment to know your potential charge-off liability.
At Anderson Appraisal, LLC, we have the background in both presenting snapshots of market value for our mortgage clients, as well as "quick sale" forecasts that understand your time constraints.
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Anderson Appraisal, LLC has the qualifications to work with the particular dynamics of a foreclosure appraisal. Contact Anderson Appraisal, LLC for a company you can count on. |
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Owners of homes in foreclosure, of course, can present unique challenges: For example, they might be unwilling to allow an inspection of the property.
Often the homes show signs of vandalism, unfortunately by the residents. Or, it's common to discover the residents have moved out or the home neglected for long periods of time.
If you're dealing with home that has returned to bank owned, you will interested in an expedited disposition. However, you may want to know and review three values: as-is, as repaired, and "quick sale". These correspond to: - The value of the house without any work performed
- Value with the repairs necessary to make the house marketable at full market value - consistent with competing homes in the neighborhood
- Somewhere in between, with minor investment in repairs - to get rid of the property quickly, seemingly as a "fixer-upper"
Again, we understand your urgency and the specific circumstances of a bank owned property, as well as the unique information you'll need - competing listings, neighborhood trends, and so forth. You can bank on Anderson Appraisal, LLC to handle the appraisal of your REO with expertise and professionalism. Contact us today.
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