Call Central Alabama Appraisal to discuss appraisals pertaining to Elmore foreclosures

Central Alabama Appraisal is experienced when it comes to bank owned properties in Wetumpka

There are various appraisal problems when it comes to a house in foreclosure or one that has gone back to the institution's ownership.

For a property in foreclosure, you should recognize the gap between fair market value and "quick disposition" value to know your likely charge-off liability. Central Alabama Appraisal has the training in both providing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into consideration your timeline.

You need a company with the training to work with the specific dynamics of a foreclosure appraisal. Contact Central Alabama Appraisal for a company you can trust.

Unique challenges can be present when working with owners of houses in foreclosure. They may be unwilling to allow an inspection of the house. If they moved out of the home already, they might have ignored the care of the property for a long time - or worse, damaged the property.

For a house that has gone back to Real Estate Owned, you likewise will be seeking a fast resolution . However, you may want to know and compare three values: as-is, as repaired, and "quick sale." These represent the value of the property without any work performed, with the work required to make the property marketable at full market value consistent with competing houses in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your timeline and the unique situation of an REO house, as well as the specific information you will need -- competing listings, neighborhood trends, and so forth. You can count on Central Alabama Appraisal to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.