Appraisal Associates, LLC is a company you can trust when it comes to foreclosures in Madison
Homes in foreclosure and homes that have returned to the institution's possession present unique appraisal problems.
When dealing with a home in foreclosure, it's important to know the difference between fair market value and "quick disposition" price to analyze your probable charge-off liability. At Appraisal Associates, LLC, we have the training in both providing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your urgency.
You need a company with the qualifications to work with the special dynamics of a foreclosure appraisal. Contact Appraisal Associates, LLC for a company you can trust.
Owners of properties in foreclosure, of course, can present unique challenges. They may be uncooperative to allowing an inspection of the home. Often the subjects show signs of vandalism, often at the hands of the former residents themselves. Or, it's common to discover the previous owners have moved out or the home languishing in disrepair for long of time.
If your home has already changed to REO, you will interested in a quick disposition. However, you might want to know and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any work performed, with the work needed to make the house marketable at full market value appropriate with competing homes in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your time line and the special situation of an REO home, in addition to the special data you'll need -- competing listings, neighborhood trends, and the like. You can count on Appraisal Associates, LLC to handle the task of your bank owned property with expertise and professionalism. Contact us today.