Herrin Appraisal Company is experienced when it comes to foreclosures in Clemmons
Houses that have reverted to the bank's control and homes in foreclosure present unique appraisal problems.
When there is a house in foreclosure, it's important to differentiate the difference between fair market worth and "quick disposition" worth to know your probable charge-off liability. We can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your timeline.
We have the experience to deal with the particular dynamics of a foreclosure appraisal. For a company you can trust, contact Herrin Appraisal Company.
Owners of property in foreclosure, of course, can present unique challenges. They might be unwilling to allow an inspection of the house. They may have left the house already and/or overlooked the care of the house for quite some time - or gone as far as vandalized the home.
If your property has already changed to bank owned, you will interested in an expeditious disposition. But you may want to know and examine three values: as-is, as repaired, and "quick sale." These represent the value of the house without any work done to it, with the repairs necessary to make the house marketable at full market value appropriate with similar homes in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly to someone inclined to finish the job themselves. Again, we understand your timeline and the unique circumstances of a bank owned property, in addition to the specific data you will need -- competing listings, market trends, and the like. You can rely on Herrin Appraisal Company to handle the task of your bank owned property with expertise and professionalism. Contact us today.
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