Foreclosure and Real Estate Owned Appraisals in Cobb CountyHomes in foreclosure and houses that have gone back to the financial institution's holding bring forth unique appraisal challenges.
It's vital to differentiate the meanings of "market value" and a "quick disposition" assessment to analyze your potential charge-off liability when dealing with a home in foreclosure. At Di Cicco & Associates, we have the background in both furnishing snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that consider your urgency.
Unique challenges may be present when dealing with owners of houses in foreclosure. They may be opposed to allowing an inspection of the house. They could have moved out of the home already and/or neglected care of the home for quite some time - or worse, intentionally harmed the property.
If you're dealing with home that has already gone back to REO, you will interested in an expedited disposition. However, you might want to know about and compare three values: as-is, as repaired, and "quick sale". These symbolize: