Herrin Appraisal Company is experienced when you need appraisals for foreclosures in Clemmons
Real Estate in foreclosure and houses that have reverted to the bank's possession create particular appraisal challenges.
For a property in foreclosure, you might need to recognize the gap between the fair market and "quick disposition" worth to know your potential charge-off liability. Herrin Appraisal Company has the background in both presenting snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your time constraints.
Herrin Appraisal Company has the qualifications to deal with the particular dynamics of a foreclosure appraisal. Contact Herrin Appraisal Company for a company you can count on.
Special challenges may be present when working with owners of property in foreclosure. They could be unwilling to allow an inspection of the property. Often the houses have been intentionally damaged, often by the residents. Or, it's common to discover nobody has occupied the house for months or the home neglected for extended periods of time.
If your home has returned to REO, you will interested in a quick disposition. However, you might want to understand and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any repairs done to it, with the repairs due to make the property marketable at full market value corresponding with the other houses in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly to someone inclined to finish the job themselves. Again, we understand your timeline and the specific circumstances of a bank owned home, as well as the unique data you will need -- competing listings, neighborhood trends, and the like. You can rely on Herrin Appraisal Company to handle the appraisal of your REO professionally and efficiently. Contact us today.
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