Foreclosure Appraisal in Scott CountyProperties that have gone back to the financial institution's control and houses in foreclosure bring forth particular appraisal challenges.For a home in foreclosure, you definitely need to know the difference between the market and a "quick disposition" to know your probable charge-off liability. The professionals at Tamara Tidwell can provide both snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into consideration your urgency.
Owners of houses in foreclosure may be disinclined to allow an inspection of the home, thus presenting special challenges. They could have deserted the home already and/or neglected care of the house for some time - or worse, intentionally harmed the house. For real estate that has already reverted to bank owned, you probably will want to get rid of it quickly. In any case, you'll still want to consider three ways of determining the value of the real estate at hand:
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