Foreclosure Appraisals in Cobb CountyThere are particular appraisal problems involved in a property in foreclosure or one that has returned to the bank's holding.
You should recognize the meanings of "market value" and a "quick disposition" price to evaluate your likely write-down liability when dealing with a house in foreclosure. We can provide both snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your time line.
Occupants of houses in foreclosure may be disinclined to allow an inspection of the property, thus presenting particular challenges. They may have deserted the home already and/or ignored the care of the home for awhile - or worse, intentionally harmed the house.
For a home that has already reverted to bank owned, you most likely will want to get rid of it quickly. In any case, you'll still want to consider three ways of figuring the value of the real estate at hand: