Appraisal Alliance, LLC is a company you can trust when you need appraisals for bank owned properties in WaterfordThere are various appraisal challenges when it comes to a home in foreclosure or one that has reverted to the institution's ownership. For a home in foreclosure, you might need to understand the difference between fair market value and "quick disposition" to know your likely charge-off liability. The professionals at Appraisal Alliance, LLC can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your time constraints. You need a company who has the experience to deal with the special dynamics of a foreclosure appraisal. Contact Appraisal Alliance, LLC for a company you can rely on. Owners of homes in foreclosure, of course, can present unique challenges. They might be opposed to allowing an inspection of the home. They may have left the property already and/or neglected care of the property for quite some time - or unfortunately, intentionally harmed the home. For real estate that has already changed to REO, you typically will want it off your hands as quickly as possible . However, you may want to understand and analyze three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any repairs done to it, with the repairs called for to make the house marketable at full market value corresponding with competing properties in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your time line and the unique situation of a bank owned house, as well as the specific information you'll need -- competing listings, neighborhood trends, and the like. You can count on Appraisal Alliance, LLC to take on the appraisal of your REO professionally and efficiently. Contact us today. |