REO and Foreclosure Appraisals in Fulton County
Real Estate in foreclosure and properties that have returned to the lender's possession present specific appraisal challenges.
You need to differentiate the difference between fair market value and "quick disposition" worth to know your likely charge-off liability when dealing with a home in foreclosure. At Upon The Rock Real Estate Services, LLC, we have the background in both presenting snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your time line.
Upon The Rock Real Estate Services, LLC has the experience to deal with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Upon The Rock Real Estate Services, LLC.
Owners of homes in foreclosure might be unwilling to allow an inspection of the home, thus presenting particular challenges. They could have left the property already and/or overlooked the care of the property for quite some time - or worse, vandalized the house.
For a property that has gone back to REO, you probably will be going for an expeditious resolution . However, you may want to understand and review three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any repairs done to it, with the repairs due to make the property marketable at full market value appropriate with the other homes in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your timeline and the special circumstances of an REO property, as well as the special data you'll need -- competing listings, neighborhood trends, and the like. You can count on Upon The Rock Real Estate Services, LLC to take on the appraisal of your REO professionally and efficiently. Contact us today.