Foreclosure Appraisal in Knox CountyHouses in foreclosure and houses that have gone back to the lender's control present special appraisal problems. When dealing with a house in foreclosure, it's important to recognize the difference between fair market price and "quick disposition" value to know your probable charge-off liability. The professionals at Residential Appraisal Service, LLC can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your time constraints. The professionals at Residential Appraisal Service, LLC have the expertise to deal with the unique dynamics of a foreclosure appraisal. Contact Residential Appraisal Service, LLC for a company you can rely on. Specific challenges can be present when working with owners of homes in foreclosure. They may be unwilling to allow an inspection of the property. If they moved out of the home already, they may have overlooked the care of the home for quite some time - or unfortunately, caused damage to the house. You'll be interested in an expeditious disposition if the house has gone back to bank owned. So you may want to know about and compare three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any work performed, with the work needed to make the home marketable at full market value corresponding with competing properties in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely to someone who'd rather finish the job themselves. Again, we understand your timeline and the unique situation of a Real Estate Owned property, as well as the unique information you will need -- competing listings, market trends, and so forth. You can rely on Residential Appraisal Service, LLC to handle the task of your bank owned property professionally and efficiently. Contact us today. |