Creekside Appraisal is experienced when it comes to foreclosures in Wake
Homes in foreclosure and houses that have reverted to the bank's possession bring forth unique appraisal difficulties.
For a property in foreclosure, you may need to understand the difference between fair market value and "quick disposition" to know your likely charge-off liability. At Creekside Appraisal, we have the experience in both producing snapshots of fair market value for our mortgage clients, as well as "quick sale" forecasts that understand your time line.
We have the qualifications to deal with the particular dynamics of a foreclosure appraisal. Contact Creekside Appraisal for a company you can rely on.
Owners of homes in foreclosure, of course, can present particular challenges. They might be disinclined to allow an inspection of the house. They may have deserted the property already and/or ignored the care of the house for some time - or even worse, damaged the home.
If your property has already changed to Real Estate Owned, you will interested in a fast disposition. But you might want to know and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any work done to it, with the repairs necessary to make the house marketable at full market value consistent with the other houses in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your time line and the unique circumstances of a Real Estate Owned property, as well as the unique information you will need -- competing listings, neighborhood trends, and the like. You can rely on Creekside Appraisal to take on the task of your bank owned property professionally and efficiently. Contact us today.