Foreclosure and Real Estate Owned Appraisal in Horry County
There are various appraisal problems when we're talking about a home in foreclosure or one that has gone back to the lender's ownership.
For a property in foreclosure, you may need to recognize the gap between the fair market value and "quick disposition" price to know your likely charge-off liability. The professionals at Absolute Appraisal Services, LLC can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your timeline.
You need a company with the expertise to handle the special dynamics of a foreclosure appraisal. Contact Absolute Appraisal Services, LLC for a company you can count on.
Owners of homes in foreclosure might be opposed to allowing an inspection of the property, thus presenting particular challenges. If they deserted the house already, they could have neglected care of the home for quite some time - or worse, ransacked the home.
If your property has already returned to bank owned, you will interested in a quick disposition. But you might want to know about and examine three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any repairs done to it, with the repairs required to make the property marketable at full market value comparable with similar properties in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your urgency and the unique situation of an REO home, as well as the unique information you'll need -- competing listings, market trends, and so forth. You can count on Absolute Appraisal Services, LLC to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.