H3 Appraisal is experienced when it comes to bank owned properties in RussellvilleThere are unique appraisal challenges when it comes to a property in foreclosure or one that has returned to the financial institution's ownership. When there is a property in foreclosure, it's important to recognize the difference between fair market worth and "quick disposition" value to know your possible charge-off liability. At H3 Appraisal, we have the background in both supplying snapshots of fair market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that understand your time constraints. H3 Appraisal has the training to deal with the specific dynamics of a foreclosure appraisal. Contact H3 Appraisal for a company you can trust. Owners of houses in foreclosure, of course, can present unique challenges. They may be uncooperative to allowing an inspection of the property. They may have abandoned the property already and/or neglected care of the property for awhile - or in some cases caused damage to the home. You will be interested in a speedy disposition if the property has already reverted to bank owned. So you may want to know and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any work performed, with the repairs due to make the house marketable at full market value commensurate with the other homes in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your urgency and the unique situation of a Real Estate Owned property, as well as the unique information you'll need -- competing listings, neighborhood trends, and the like. You can bank on H3 Appraisal to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today. |