Integrated Assets is a company you can trust when you need appraisals for bank owned properties in Memphis
Houses that have reverted to the financial institution's holding and homes in foreclosure create specific appraisal challenges.
For a property in foreclosure, you might need to recognize the difference between fair market worth and "quick disposition" to know your likely charge-off liability. Integrated Assets has the experience 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.
The professionals at Integrated Assets have the expertise to work with the special dynamics of a foreclosure appraisal. Contact Integrated Assets for a company you can rely on.
Special challenges may be present when dealing with owners of houses in foreclosure. They could be opposed to allowing an inspection of the property. Sometimes the homes have been vandalized, unfortunately by the residents. Or, it's common to discover a house at least abandoned or the home languishing in disrepair for long of time.
You'll be interested in an expedited disposition if the house has gone back to bank owned. So you need to know and examine three values: as-is, as repaired, and "quick sale." These represent the value of the house without any repairs performed, with the repairs called for 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, probably to someone who'd rather finish the job themselves. Again, we understand your timeline and the specific circumstances of an REO house, in addition to the specific data you will need -- competing listings, neighborhood trends, and the like. You can rely on Integrated Assets to handle the task of your bank owned property with expertise and professionalism. Contact us today.
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