Matthew's Appraisal Inc. is experienced when it comes to bank owned properties around AtlantaThere are specific appraisal problems involved in a property in foreclosure or one that has returned to the bank's ownership. For a house in foreclosure, you need to recognize the difference between the fair market price and "quick disposition" to know your likely charge-off liability. Matthew's Appraisal Inc. has the training in both furnishing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time line. You need a company who has the training to handle the particular dynamics of a foreclosure appraisal. For a company you can count on, contact Matthew's Appraisal Inc. Special challenges may be present when working with owners of houses in foreclosure. They could be uncooperative to allowing an inspection of the home. They might have left the property already and/or overlooked the care of the house for awhile - or in some cases intentionally harmed the home. You'll be interested in a fast disposition if the property has already changed to REO. So you may want to know and examine three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any repairs performed, with the work called for to make the home marketable at full market value comparable with the other houses in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your urgency and the unique situation of a bank owned home, in addition to the unique data you will need -- competing listings, market trends, and so forth. You can bank on Matthew's Appraisal Inc. to handle the appraisal of your REO professionally and efficiently. Contact us today. |