Foreclosure Appraisals in Polk County
Properties that have returned to the financial institution's ownership and houses in foreclosure create special appraisal challenges.
When dealing with a house in foreclosure, it's important to differentiate the difference between fair market value and "quick disposition" price to analyze your likely charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your urgency.
Gregory James Company, Inc. has the experience to work with the specific dynamics of a foreclosure appraisal. Contact Gregory James Company, Inc. for a company you can trust.
Owners of houses in foreclosure might be uncooperative to allowing an inspection of the house, thus presenting particular challenges. If they deserted the home already, they may have not taken care of the home for quite awhile - or unfortunately, caused damage to the home.
For real estate that has returned to bank owned, you most likely will be interested in a quick resolution . However, you may want to know and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any work done to it, with the work needed to make the property marketable at full market value corresponding with the other properties in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your timeline and the specific situation of a Real Estate Owned house, as well as the unique information you'll need -- competing listings, market trends, and the like. You can bank on Gregory James Company, Inc. to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.
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