Lamb Appraisals is the company you should trust when you need appraisals for bank owned properties in the Metro Atlanta area.Homes in foreclosure and houses that have returned to the financial institution's ownership create particular appraisal problems.When dealing with a house in foreclosure, you need to differentiate market value versus a "quick disposition" price to analyze your likely charge-off liability. At Lamb Appraisals, we have the knowledge in both furnishing snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your pressing needs.
Owners of properties in foreclosure, of course, can present particular challenges: They may be disinclined to allow an inspection of the property. Sometimes the homes show signs of vandalism, often at the hands of the former residents themselves. Or, it's common to discover nobody has occupied the house for months or the home languishing in disrepair for extended periods of time. You will be interested in a speedy disposition if the home has returned to Real Estate Owned. So you might want to understand and compare three values: "as-is", "as repaired", and "quick sale". These symbolize:
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