Real Estate Owned and Foreclosure Appraisals in Polk County
Homes in foreclosure and homes that have returned to the institution's possession create specific appraisal challenges.
You should know the difference between fair market worth and "quick disposition" worth to analyze what losses you could realize when dealing with a property in foreclosure. We can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into consideration your urgency.
You need a company with the qualifications to work with the particular dynamics of a foreclosure appraisal. Contact Gregory James Company, Inc. for a company you can count on.
Owners of property in foreclosure, of course, can present special challenges. They could be uncooperative to allowing an inspection of the property. Often the subjects show signs of vandalism, unfortunately at the hands of the former residents. Or, it's likely you'll discover a house at least abandoned or the home neglected for long of time.
You'll be interested in an expedited disposition if the property has already gone back to REO. So you might want to know and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any repairs performed, with the work required to make the property marketable at full market value commensurate with similar houses in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely to someone who'd rather finish the job themselves. Again, we understand your timeline and the unique situation of an REO property, in addition to the unique data you will need -- competing listings, neighborhood trends, and the like. You can count on Gregory James Company, Inc. to handle the task of your REO with expertise and professionalism. Contact us today.
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