CMJ Appraisals & Investments LLC is experienced when it comes to foreclosures in Smyrna
There are particular appraisal challenges when we're talking about a house in foreclosure or one that has returned to the bank's holding.
When dealing with a home in foreclosure, you should ascertain the difference between fair market value and "quick disposition" value to know your possible charge-off liability. At CMJ Appraisals & Investments LLC, we have the knowledge in both producing snapshots of fair market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that understand your time line.
CMJ Appraisals & Investments LLC has the qualifications to work with the unique dynamics of a foreclosure appraisal. For a company you can trust, contact CMJ Appraisals & Investments LLC.
Special challenges might be present when working with owners of homes in foreclosure. They might be disinclined to allow an inspection of the home. If they deserted the house already, they may have neglected care of the property for quite awhile - or unfortunately, ransacked the home.
You will be interested in an expedited disposition if the property has already changed to Real Estate Owned. So you might want to understand and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any work done to it, with the repairs required to make the house marketable at full market value commensurate with the other homes in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your time line and the special circumstances of an REO house, as well as the special data you will need -- competing listings, neighborhood trends, and the like. You can rely on CMJ Appraisals & Investments LLC to take on the task of your REO with expertise and professionalism. Contact us today.