Cleveland Appraisal Services & Home Inspections is experienced when it comes to bank owned properties in Bradley CountyHouses that have gone back to the institution's possession and properties in foreclosure present unique appraisal challenges.
You should ascertain the meanings of "market value" and a "quick disposition" price to know what losses you could have to endure when dealing with a home in foreclosure. Cleveland Appraisal Services & Home Inspections has the background in both producing snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your urgency.
Specific challenges may be present when dealing with owners of property in foreclosure. They could be uncooperative to allowing an inspection of the property. If they moved out of the home already, they might have not taken care of the house for quite awhile - or unfortunately, damaged the property.
For a home that has reverted to bank owned, you likewise will be seeking a quick disposition. In any case, you'll still want to consider three ways of figuring the value of the real estate at hand: