Astute Appraisals, Inc. is experienced when it comes to foreclosures in Columbia
There are unique appraisal problems for a house in foreclosure or one that has gone back to the bank's possession.
When there is a property in foreclosure, you should know the difference between fair market value and "quick disposition" value to analyze your potential charge-off liability. Astute Appraisals, Inc. has the experience in both producing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into account your urgency.
You need a company with the expertise to work with the special dynamics of a foreclosure appraisal. Contact Astute Appraisals, Inc. for a company you can rely on.
Owners of houses in foreclosure, of course, can present particular challenges. They could be uncooperative to allowing an inspection of the house. They might have deserted the home already and/or ignored the care of the home for quite some time - or gone as far as damaged the home.
You will be interested in a fast disposition if the house has already changed to bank owned. So you might 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 performed, with the repairs called for to make the property marketable at full market value commensurate with the other properties in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely to someone who'd rather finish the job themselves. Again, we understand your time line and the specific situation of a bank owned home, in addition to the special data you'll need -- competing listings, market trends, and the like. You can count on Astute Appraisals, Inc. to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.