Real Estate Owned Appraisals in Hamilton CountyThere are particular appraisal difficulties when it comes to a house in foreclosure or one that has reverted to the financial institution's possession.It's key to recognize the meanings of "market value" and a "quick disposition" assessment to evaluate your probable write-down liability when dealing with a property in foreclosure. At Southern Appraisal Network, Inc., we have the experience in both presenting snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that factor in your timeline.
Specific challenges might be present when working with owners of homes in foreclosure. They could be opposed to allowing an inspection of the property. They may have left the home already and/or overlooked the care of the property for quite awhile - or worse, vandalized the home.
You will be interested in a speedy disposition if the home has changed to Real Estate Owned. So you need to know and analyze three values: "as-is", "as repaired", and "quick sale". These correspond to: |