Foreclosure Appraisals in Forsyth CountyThere are specific appraisal problems for a house in foreclosure or one that has gone back to the lender's ownership. When there is a house in foreclosure, you need to recognize the difference between fair market value and "quick disposition" price to evaluate your likely charge-off liability. Pendley & Pendley Appraisers has the knowledge in both providing snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into consideration your urgency. Pendley & Pendley Appraisers has the experience to work with the unique dynamics of a foreclosure appraisal. Contact Pendley & Pendley Appraisers for a company you can count on. Owners of properties in foreclosure, of course, can present particular challenges. They may be unwilling to allow an inspection of the home. If they moved out of the home already, they might have overlooked the care of the house for some time - or worse, damaged the property. You will be interested in a fast disposition if the house has already returned to Real Estate Owned. So you need to understand and examine three values: as-is, as repaired, and "quick sale." These represent the value of the house without any repairs performed, with the work required to make the property marketable at full market value corresponding with similar real estate in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your time line and the specific situation of an REO house, as well as the unique data you will need -- competing listings, neighborhood trends, and the like. You can count on Pendley & Pendley Appraisers to handle the appraisal of your bank owned property professionally and efficiently. Contact us today. |