Gregory James Company, Inc. is experienced when you need appraisals for bank owned properties in Cedartown
Houses that have returned to the institution's control and houses in foreclosure bring forth particular appraisal problems.
For a house in foreclosure, you should understand the difference between fair market worth and "quick disposition" value to know your potential charge-off liability. At Gregory James Company, Inc., we have the training in both furnishing snapshots of fair market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that understand your timeline.
You need a company with the expertise to deal with the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact Gregory James Company, Inc..
Special challenges might be present when dealing with owners of properties in foreclosure. They could be disinclined to allow an inspection of the property. They might have left the property already and/or overlooked the care of the house for quite awhile - or unfortunately, intentionally harmed the property.
You'll be interested in a quick disposition if the property has reverted to REO. So you might want to know about and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any work done to it, with the work required to make the home marketable at full market value commensurate with similar real estate in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your time line and the unique situation of a Real Estate Owned property, in addition to the special data you will need -- competing listings, neighborhood trends, and so forth. You can count on Gregory James Company, Inc. to handle the task of your bank owned property professionally and efficiently. Contact us today.
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