Tri-Cities Appraisal Services, LLC is a company you can trust when you need appraisals for bank owned properties in FranklinThere are specific appraisal difficulties involved in a home in foreclosure or one that has reverted to the institution's ownership. For a home in foreclosure, you need to recognize the gap between fair market worth and "quick disposition" price to know your probable charge-off liability. We can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into account your urgency. Tri-Cities Appraisal Services, LLC has the experience to work with the special dynamics of a foreclosure appraisal. For a company you can count on, contact Tri-Cities Appraisal Services, LLC. Occupants of houses in foreclosure could be disinclined to allow an inspection of the house, thus presenting particular challenges. They may have moved out of the house already and/or neglected care of the home for quite awhile - or gone as far as ransacked the property. You will be interested in an expedited disposition if the home has already gone back to Real Estate Owned. So you might want to know and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the home without any repairs done to it, with the repairs required to make the property marketable at full market value corresponding with competing properties in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably to someone who'd rather finish the job themselves. Again, we understand your urgency and the special situation of a bank owned house, as well as the unique data you'll need -- competing listings, neighborhood trends, and so forth. You can count on Tri-Cities Appraisal Services, LLC to handle the appraisal of your bank owned property professionally and efficiently. Contact us today. |