John Fanning & Associates is experienced when you need appraisals for bank owned properties in TaylorHomes in foreclosure and properties that have reverted to the bank's possession bring forth specific appraisal difficulties. You need to differentiate the difference between fair market worth and "quick disposition" price to evaluate your potential charge-off liability when dealing with a home in foreclosure. At John Fanning & Associates, we have the background in both producing snapshots of fair market value for our mortgage clients, in addition to "quick sale" forecasts that understand your time line. We have the expertise to deal with the specific dynamics of a foreclosure appraisal. Contact John Fanning & Associates for a company you can trust. Particular challenges can be present when dealing with owners of properties in foreclosure. They might be disinclined to allow an inspection of the house. If they abandoned the home already, they might have not taken care of the property for quite some time - or unfortunately, caused damage to the home. You will be interested in a fast disposition if the house has reverted to bank owned. So you need to know and analyze three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any work performed, with the work due to make the home marketable at full market value consistent with the other properties in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your timeline and the unique circumstances of a bank owned home, as well as the special information you will need -- competing listings, market trends, and the like. You can bank on John Fanning & Associates to take on the task of your REO professionally and efficiently. Contact us today. |