Real Estate Owned Appraisals in Polk County
There are particular appraisal difficulties involved in a home in foreclosure or one that has gone back to the lender's holding.
You need to differentiate the difference between fair market value and "quick disposition" price to analyze your potential charge-off liability when dealing with a property in foreclosure. Gregory James Company, Inc. has the knowledge in both presenting snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your urgency.
The professionals at Gregory James Company, Inc. have the expertise to work with the special dynamics of a foreclosure appraisal. Contact Gregory James Company, Inc. for a company you can rely on.
Occupants of property in foreclosure could be disinclined to allow an inspection of the house, thus presenting special challenges. If they moved out of the house already, they could have not taken care of the house for some time - or unfortunately, damaged the property.
You will be interested in an expedited disposition if the house has returned to bank owned. So you might want to know about and compare three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any repairs done to it, with the work needed to make the house marketable at full market value comparable with similar properties 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 bank owned house, as well as the special information you'll need -- competing listings, market trends, and so forth. You can rely on Gregory James Company, Inc. to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.