Foreclosure Appraisals in Wake County
There are particular appraisal difficulties regarding a house in foreclosure or one that has gone back to the lender's holding.
For a home in foreclosure, you should know the gap between fair market value and "quick disposition" to know your possible charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your time constraints.
Watson Appraisal Services, Inc has the training to deal with the particular dynamics of a foreclosure appraisal. For a company you can count on, contact Watson Appraisal Services, Inc.
Owners of dwellings in foreclosure might be uncooperative to allowing an inspection of the property, thus presenting specific challenges. If they left the property already, they might have neglected care of the home for quite awhile - or even worse, caused damage to the house.
If your house has reverted to bank owned, you will interested in an expedited disposition. But you may want to know about and analyze three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any repairs done to it, with the repairs necessary to make the home marketable at full market value commensurate with competing properties in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your urgency and the special situation of a Real Estate Owned property, in addition to the specific information you will need -- competing listings, neighborhood trends, and the like. You can count on Watson Appraisal Services, Inc to handle the task of your bank owned property with expertise and professionalism. Contact us today.