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REO and Foreclosure Appraisal in Marion County
Homes in foreclosure and houses that have gone back to the financial institution's holding create particular appraisal challenges.
When there is a house in foreclosure, it's important to understand market value versus a "quick disposition" price to know your possible charge-off liability.
Moore Appraisal Company has the training in both supplying snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into account your time line.
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You need a company who has the experience to deal with the special dynamics of a foreclosure appraisal. Contact Moore Appraisal Company for a company you can . |
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Occupants of homes in foreclosure might be opposed to allowing an inspection of the property, thus presenting specific challenges.
They might have left the property already and/or neglected care of the home for quite awhile - or worse, damaged the home.
If you're dealing with a house that has already reverted to Real Estate Owned, you will interested in a quick disposition. But you might want to understand and analyze three values: as-is, as repaired, and "quick sale". These correspond to: - The value of the home without any repairs performed
- Value with the repairs needed to make the property marketable at full market value - in accordance with other houses in the area
- With minimal investment in repairs - to sell the home quickly, most likely to someone inclined to finish the job themselves
Again, we understand your timeline and the specific circumstances of a bank owned property, in addition to the specific data you'll need - competing listings, market trends, and the like. You can bank on Moore Appraisal Company to take on the task of your REO with expertise and professionalism. Contact us today.
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