Parrish Appraisal Services is experienced when you need appraisals for bank owned properties in LexingtonThere are specific appraisal challenges for a house in foreclosure or one that has reverted to the financial institution's possession. When dealing with a house in foreclosure, you should differentiate the difference between fair market value and "quick disposition" price to evaluate your potential charge-off liability. Parrish Appraisal Services has the background in both presenting snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into account your timeline. The professionals at Parrish Appraisal Services have the training to work with the unique dynamics of a foreclosure appraisal. Contact Parrish Appraisal Services for a company you can trust. Specific challenges may be present when working with owners of properties in foreclosure. They could be disinclined to allow an inspection of the home. If they abandoned the property already, they might have neglected care of the property for quite awhile - or unfortunately, caused damage to the home. If your home has gone back to REO, you will interested in an expedited disposition. But you might want to know and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any repairs done to it, with the repairs required to make the property marketable at full market value appropriate with similar houses in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your timeline and the specific circumstances of an REO property, in addition to the specific information you will need -- competing listings, market trends, and the like. You can bank on Parrish Appraisal Services to handle the appraisal of your REO with expertise and professionalism. Contact us today. |