Foreclosure Appraisal in Barren County
There are special appraisal challenges when it comes to a property in foreclosure or one that has gone back to the lender's possession.
For a house in foreclosure, you may need to understand the difference between the fair market value and "quick disposition" value to know your potential charge-off liability. At Graham Appraisal, we have the experience in both furnishing snapshots of fair market value for our mortgage lending and servicing clients, in addition to "quick sale" forecasts that understand your urgency.
The professionals at Graham Appraisal have the expertise to deal with the unique dynamics of a foreclosure appraisal. For a company you can trust, contact Graham Appraisal.
Owners of property in foreclosure could be opposed to allowing an inspection of the property, thus presenting unique challenges. They could have deserted the home already and/or ignored the care of the home for awhile - or worse, caused damage to the property.
For real estate that has gone back to REO, you most likely will want it off your hands as quickly as possible . But you may want to know and compare three values: as-is, as repaired, and "quick sale." These represent the value of the house without any work done to it, with the work needed to make the home marketable at full market value corresponding with similar real estate in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your time line and the special circumstances of a Real Estate Owned house, as well as the specific data you will need -- competing listings, market trends, and the like. You can bank on Graham Appraisal to take on the task of your REO professionally and efficiently. Contact us today.