Real Estate Owned and Foreclosure Appraisal in Craven County
Properties that have returned to the financial institution's possession and houses in foreclosure present unique appraisal problems.
For a house in foreclosure, you should recognize the gap between the fair market worth and "quick disposition" price to know your possible charge-off liability. James Blanton Appraisals has the background in both supplying snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into consideration your time line.
The professionals at James Blanton Appraisals have the expertise to handle the particular dynamics of a foreclosure appraisal. Contact James Blanton Appraisals for a company you can trust.
Occupants of in foreclosure may be unwilling to allow an inspection of the house, thus presenting unique challenges. Sometimes the houses show signs of vandalism, often at the hands of the residents themselves. Or, it's likely you'll discover the families have moved out or the home neglected for extended periods of time.
You'll be interested in a fast disposition if the house has already returned to Real Estate Owned. So you may want to understand and compare three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any work performed, with the work required to make the property marketable at full market value commensurate with similar houses in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your time line and the specific situation of a Real Estate Owned home, as well as the unique information you will need -- competing listings, market trends, and so forth. You can rely on James Blanton Appraisals to handle the task of your bank owned property with expertise and professionalism. Contact us today.