Real Estate Owned and Foreclosure Appraisals in Cherokee County
There are various appraisal problems for a property in foreclosure or one that has gone back to the institution's control.
For a property in foreclosure, you need to recognize the difference between fair market price and "quick disposition" value to know your possible charge-off liability. At Thornton Appraisal Services, we have the experience in both producing snapshots of fair market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that understand your urgency.
Thornton Appraisal Services has the expertise to handle the unique dynamics of a foreclosure appraisal. Contact Thornton Appraisal Services for a company you can rely on.
Occupants of properties in foreclosure might be unwilling to allow an inspection of the home, thus presenting special challenges. If they moved out of the home already, they might have neglected care of the home for quite some time - or worse, caused damage to the home.
For real estate that has already changed to bank owned, you most likely will want it off your hands as quickly as possible . But you may want to know about and compare three values: as-is, as repaired, and "quick sale." These represent the value of the house without any work performed, with the repairs required to make the house marketable at full market value comparable with competing houses in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your urgency and the special circumstances of a Real Estate Owned home, as well as the specific data you will need -- competing listings, market trends, and the like. You can rely on Thornton Appraisal Services to take on the task of your REO professionally and efficiently. Contact us today.