Harris Appraisals LLC is experienced when you need appraisals for foreclosures in Alexander City
There are unique appraisal problems for a property in foreclosure or one that has returned to the institution's holding.
When there is a home in foreclosure, it's important to know the difference between fair market value and "quick disposition" worth to know your potential charge-off liability. At Harris Appraisals LLC, we have the background in both providing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your urgency.
You need a company who has the qualifications to deal with the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact Harris Appraisals LLC.
Special challenges may be present when working with owners of homes in foreclosure. They could be unwilling to allow an inspection of the home. They could have moved out of the home already and/or overlooked the care of the property for quite some time - or gone as far as damaged the home.
If your home has gone back to REO, you will interested in an expedited disposition. However, you may want to understand and examine three values: as-is, as repaired, and "quick sale." These represent the value of the property without any repairs done to it, with the work needed to make the property marketable at full market value consistent with competing properties in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your timeline and the special situation of a Real Estate Owned house, as well as the special information you'll need -- competing listings, market trends, and so forth. You can bank on Harris Appraisals LLC to take on the task of your REO professionally and efficiently. Contact us today.