Associated Appraisers of Central Indiana LLC is experienced when it comes to bank owned properties in Henry CountyThere are specific appraisal challenges involved in a home in foreclosure or one that has gone back to the institution's holding.
For a house in foreclosure, you would be wise to understand the difference between the market value and a "quick disposition" to know your probable charge-off liability. The professionals at Associated Appraisers of Central Indiana LLC can provide both snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time constraints.
Unique challenges can be present when dealing with owners of houses in foreclosure. They might be unwilling to allow an inspection of the home. If they have abandoned the house already, they may have ignored the care of the property for some time - or unfortunately, caused damage to the property.
For a house that has reverted to REO, you typically will want to get rid of it quickly. But you might want to know and compare the definitions of "as-is", "as repaired", and "quick sale" values. These correspond to: