Appraisals by Kana is experienced when it comes to bank owned properties in LafayetteThere are unique appraisal difficulties when it comes to a home in foreclosure or one that has reverted to the institution's ownership. When dealing with a house in foreclosure, you need to ascertain the difference between fair market worth and "quick disposition" value to know your likely charge-off liability. At Appraisals by Kana, we have the knowledge in both presenting snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your timeline. You need a company who has the experience to handle the specific dynamics of a foreclosure appraisal. For a company you can trust, contact Appraisals by Kana. Special challenges may be present when working with owners of property in foreclosure. They could be unwilling to allow an inspection of the property. They could have deserted the house already and/or ignored the care of the house for a long time - or worse, ransacked the house. If your home has reverted to REO, you will interested in an expedited disposition. But you may want to understand and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any repairs done to it, with the repairs called for to make the house marketable at full market value corresponding with the other homes in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your timeline and the unique situation of a Real Estate Owned house, in addition to the specific data you will need -- competing listings, market trends, and so forth. You can bank on Appraisals by Kana to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today. |