REO and Foreclosure Appraisals in Knox CountyHouses in foreclosure and houses that have gone back to the bank's possession bring forth particular appraisal challenges. For a property in foreclosure, you need to know the gap between fair market value and "quick disposition" value to know your probable charge-off liability. The professionals at C-H Appraisal Group 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 who has the qualifications to handle the special dynamics of a foreclosure appraisal. For a company you can rely on, contact C-H Appraisal Group. Particular challenges can be present when dealing with owners of homes in foreclosure. They might be disinclined to allow an inspection of the property. Often the homes show signs of vandalism, often at the hands of the former residents themselves. Or, it's likely you'll find the previous owners have moved out or the home languishing in disrepair for long of time. You'll be interested in a fast disposition if the house has already returned to bank owned. So you may want to know and compare three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any repairs performed, with the repairs due to make the home marketable at full market value consistent with the other homes in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your timeline and the special situation of a bank owned home, in addition to the unique information you will need -- competing listings, neighborhood trends, and so forth. You can count on C-H Appraisal Group to handle the appraisal of your bank owned property professionally and efficiently. Contact us today. |