Foreclosure and Real Estate Owned Appraisals in Mecklenburg CountyThere are various appraisal difficulties when it comes to a home in foreclosure or one that has reverted to the lender's control.For a house in foreclosure, you should know the difference between the market price and a "quick disposition" to know your likely charge-off liability. Cayenne Appraisal Group, LLC has the background in both supplying snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time line.
Specific challenges may be present when dealing with owners of homes in foreclosure. They could be disinclined to allow an inspection of the property. If they deserted the property already, they might have overlooked the care of the home for quite some time - or worse, ransacked the home.
If you're dealing with property that has already reverted to bank owned, you will interested in an expedited disposition. But you might want to know and analyze three values: as-is, as repaired, and "quick sale". These symbolize: |