APPRAISAL ASSOCIATES,INC is experienced when it comes to bank owned properties in Wake CountyThere are specific appraisal difficulties when we're talking about a house in foreclosure or one that has gone back to the financial institution's possession.It's key to understand the meanings of "market value" and a "quick disposition" price to analyze what losses you might have to endure when dealing with a home in foreclosure. At APPRAISAL ASSOCIATES,INC, we have the knowledge in both supplying snapshots of market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that factor in your time constraints.
Owners of property in foreclosure, of course, can present particular challenges. They could be disinclined to allow an inspection of the property. They may have moved out of the property already and/or overlooked the care of the property for a long time - or worse, vandalized the property.
You'll be interested in an expeditious disposition if the home has already gone back to bank owned. So you may want to know and examine three values: "as-is", "as repaired", and "quick sale". These correspond to: |