The McPherson Company, LLC is the company you should trust when it comes to foreclosures in Knox CountyThere are unique appraisal difficulties when it comes to a property in foreclosure or one that has gone back to the financial institution's possession.It's important to recognize the meanings of "market value" and a "quick disposition" value to know what losses you stand to have to endure when dealing with a home in foreclosure. The professionals at The McPherson Company, LLC can provide both snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your time line.
Owners of property in foreclosure, of course, can present unique challenges. For example, they may be disinclined to allow the appraiser access to the property. Often the properties have been intentionally damaged, unfortunately at the hands of the former residents. Or, it's common to discover nobody has lived in house for months or the home neglected for extended periods of time.
You'll be interested in a quick disposition if the property has already gone back to REO. So you need to know and compare three values: "as-is", "as repaired", and "quick sale". These symbolize: |