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Foreclosure Appraisal in Shelby CountyProperties that have returned to the financial institution's holding and properties in foreclosure bring forth special appraisal challenges.For a home in foreclosure, you need to know the gap between market and a "quick disposition" value to know your possible charge-off liability. Keystone Appraisal Co. has the background in both producing snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your urgency.
Owners of houses in foreclosure could be unwilling to allow an inspection of the house, thus presenting special challenges. Often the properties have been vandalized, unfortunately by the residents themselves. Or, it's common to find nobody has occupied the house for months or the home neglected for long periods of time.
For real estate that has already changed to REO, you most likely will want it off your hands as quickly as possible. 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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