Anderson Appraisal, LLC is a company you can trust when you need appraisals for bank owned properties in Amarillo
Homes that have gone back to the financial institution's holding and houses in foreclosure create special appraisal challenges.
When there is a property in foreclosure, it's important to understand the difference between fair market value and "quick disposition" price to analyze your likely charge-off liability. The professionals at Anderson Appraisal, LLC can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your time constraints.
You need a company with the training to handle the unique dynamics of a foreclosure appraisal. Contact Anderson Appraisal, LLC for a company you can rely on.
Unique challenges can be present when dealing with owners of homes in foreclosure. They could be uncooperative to allowing an inspection of the house. They may have abandoned the home already and/or ignored the care of the home for quite awhile - or in some cases damaged the property.
For a home that has already reverted to Real Estate Owned, you likewise will be seeking a speedy disposition . However, you may want to understand and compare three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any work performed, with the work called for to make the property marketable at full market value comparable with the other houses in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly to someone who'd rather finish the job themselves. Again, we understand your timeline and the special circumstances of an REO property, in addition to the special information you will need -- competing listings, neighborhood trends, and the like. You can bank on Anderson Appraisal, LLC to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.