Foreclosure Appraisal in Lawrence CountyThere are various appraisal challenges for a property in foreclosure or one that has reverted to the bank's holding.It's vital to ascertain the meanings of "market value" and a "quick disposition" assessment to evaluate your likely write-down liability when dealing with a house in foreclosure. We can provide both snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your time constraints.
Particular challenges can be present when working with owners of properties in foreclosure. They might be uncooperative to allowing an inspection of the property. If they deserted the home already, they might have ignored the care of the home for quite some time - or worse, ransacked the house. For a home that has changed to Real Estate Owned, you typically will want it off your hands as quickly as possible. In any case, you'll still want to consider three ways of figuring the value of the subject property:
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