Foreclosure Appraisal in Charlottesville City County
Houses that have gone back to the bank's holding and houses in foreclosure present particular appraisal difficulties.
For a property in foreclosure, you might need to recognize the gap between the fair market value and "quick disposition" value to know your potential charge-off liability. Absolute Appraisals, LLC has the experience in both supplying snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your time constraints.
You need a company who has the experience to work with the unique dynamics of a foreclosure appraisal. Contact Absolute Appraisals, LLC for a company you can rely on.
Owners of houses in foreclosure, of course, can present unique challenges. They could be uncooperative to allowing an inspection of the house. They may have deserted the home already and/or ignored the care of the home for awhile - or even worse, caused damage to the property.
For a house that has returned to Real Estate Owned, you probably will be interested in an expedited resolution . But you may want to know about and review three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any work performed, with the work necessary to make the home marketable at full market value corresponding with similar houses in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your time line and the specific situation of a Real Estate Owned property, in addition to the unique data you'll need -- competing listings, neighborhood trends, and so forth. You can count on Absolute Appraisals, LLC to handle the appraisal of your REO professionally and efficiently. Contact us today.