Appraisal Services is experienced when it comes to bank owned properties in Wilson CountyHomes in foreclosure and houses that have gone back to the lender's possession present special appraisal difficulties.For a property in foreclosure, you would be wise to know the gap between the market price and a "quick disposition" assessment to know your likely charge-off liability. At Appraisal Services, we have the knowledge in both presenting snapshots of market value for our mortgage clients, in addition to "quick sale" forecasts that factor in your time line.
Occupants of property in foreclosure could be unwilling to allow an inspection of the home, thus presenting particular challenges. Sometimes the homes have been vandalized, unfortunately by the former residents themselves. Or, it's common to find a house at least abandoned or the home neglected for extended periods of time.
If you're dealing with property that has already changed to REO, you will interested in an expedited disposition. However, you might want to understand and examine three values: as-is, as repaired, and "quick sale". These correspond to: |