Real Estate Owned and Foreclosure Appraisals in Lawrence CountyThere are specific appraisal problems when it comes to a property in foreclosure or one that has gone back to the financial institution's holding. When there is a home in foreclosure, you need to understand the difference between fair market worth and "quick disposition" worth to analyze your probable charge-off liability. The professionals at Petrik Appraisals, LLC can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into account your time line. The professionals at Petrik Appraisals, LLC have the training to handle the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact Petrik Appraisals, LLC. Owners of property in foreclosure could be unwilling to allow an inspection of the house, thus presenting unique challenges. They may have deserted the property already and/or neglected care of the home for quite awhile - or in some cases damaged the home. If your home has already returned to bank owned, you will interested in a fast disposition. However, you might want to know and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any repairs done to it, with the repairs required to make the property marketable at full market value commensurate with competing homes in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your timeline and the specific circumstances of a bank owned house, in addition to the special information you will need -- competing listings, neighborhood trends, and so forth. You can count on Petrik Appraisals, LLC to handle the appraisal of your bank owned property professionally and efficiently. Contact us today. |