![]() REO and Foreclosure Appraisal in Florence CountyReal Estate in foreclosure and homes that have gone back to the financial institution's control bring forth special appraisal problems. When dealing with a house in foreclosure, it's important to differentiate the difference between fair market value and "quick disposition" value to evaluate your probable charge-off liability. Atlantic Appraisal Services LLC has the experience in both furnishing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into account your time constraints. You need a company with the training to handle the special dynamics of a foreclosure appraisal. Contact Atlantic Appraisal Services LLC for a company you can trust. Owners of homes in foreclosure, of course, can present unique challenges. They could be unwilling to allow an inspection of the home. If they abandoned the home already, they might have not taken care of the house for some time - or even worse, damaged the house. If your property has changed to REO, you will interested in a quick disposition. However, you may want to know and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any work performed, with the repairs needed to make the house marketable at full market value commensurate with similar real estate in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your urgency and the special situation of an REO house, as well as the specific information you will need -- competing listings, neighborhood trends, and the like. You can bank on Atlantic Appraisal Services LLC to handle the task of your bank owned property professionally and efficiently. Contact us today. |