Real Estate Owned Appraisal in Ashe County
Homes that have returned to the financial institution's ownership and properties in foreclosure present specific appraisal difficulties.
When there is a house in foreclosure, you need to understand the difference between fair market value and "quick disposition" worth to analyze your probable charge-off liability. At Hiland Appraisals, LLC, we have the training in both furnishing snapshots of fair market value for our mortgage clients, in addition to "quick sale" forecasts that understand your timeline.
We have the expertise to work with the special dynamics of a foreclosure appraisal. For a company you can trust, contact Hiland Appraisals, LLC.
Owners of houses in foreclosure, of course, can present particular challenges. They could be unwilling to allow an inspection of the home. Sometimes the homes have been vandalized, unfortunately by the residents. Or, it's common to discover the families have moved out or the home neglected for extended periods of time.
For a property that has reverted to REO, you most likely will be seeking an expeditious resolution . But you might want to know and examine three values: as-is, as repaired, and "quick sale." These represent the value of the property without any work done to it, with the work needed to make the home marketable at full market value corresponding with similar homes in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your timeline and the specific circumstances of a Real Estate Owned home, in addition to the specific information you will need -- competing listings, neighborhood trends, and so forth. You can count on Hiland Appraisals, LLC to handle the task of your REO professionally and efficiently. Contact us today.