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Turner Consulting and Evaluation is experienced when it comes to foreclosures in Buncombe County
Properties in foreclosure and properties that have returned to the bank's control bring forth specific appraisal challenges.
For a home in foreclosure, you need to recognize the difference between market and a "quick disposition" price to know your possible charge-off liability.
Turner Consulting and Evaluation has the training in both providing snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your time line.
Occupants of houses in foreclosure may be disinclined to allow an inspection of the property, thus presenting particular challenges.
Often the properties have been vandalized, often by the residents. Or, it's likely you'll discover a house at a minimum abandoned or the home neglected for long periods of time.
For real estate that has already gone back to REO, you probably will be seeking a quick resolution. Regardless, you'll still want to consider three angles for looking at the value of the real estate at hand:- As Repaired. Value with the work needed to make the house marketable at full market value - appropriate with competing homes in the area
- As-is. The market value of the property without any work done to it
- Quick sale. With minimal investment in repairs - to get rid of the property quickly, most likely as a "fixer-upper"
Again, we understand your time line and the special situation of a bank owned house, as well as the unique information you will need - competing listings, market trends, and so forth. You can count on Turner Consulting and Evaluation to handle the task of your bank owned property professionally and efficiently. Contact us today.
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