Culling Appraisal Corp is experienced when you need appraisals for foreclosures in Addison
There are specific appraisal challenges for a house in foreclosure or one that has returned to the financial institution's control.
For a house in foreclosure, you need to understand the gap between fair market value and "quick disposition" to know your likely charge-off liability. Culling Appraisal Corp has the knowledge in both providing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your time line.
You need a company who has the expertise to handle the special dynamics of a foreclosure appraisal. Contact Culling Appraisal Corp for a company you can rely on.
Owners of in foreclosure could be uncooperative to allowing an inspection of the home, thus presenting particular challenges. They could have left the house already and/or overlooked the care of the property for quite awhile - or unfortunately, intentionally harmed the house.
If your house has already reverted to Real Estate Owned, you will interested in an expeditious disposition. But you may want to know about and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any work done to it, with the repairs required to make the property marketable at full market value corresponding with similar homes in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your timeline and the special circumstances of a bank owned home, as well as the special information you'll need -- competing listings, market trends, and the like. You can rely on Culling Appraisal Corp to take on the task of your bank owned property with expertise and professionalism. Contact us today.