REO and Foreclosure Appraisal in Polk County
Real Estate in foreclosure and homes that have returned to the lender's control present various appraisal difficulties.
When dealing with a house in foreclosure, you need to differentiate the difference between fair market price and "quick disposition" value to analyze your potential charge-off liability. Gregory James Company, Inc. has the experience in both supplying snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your timeline.
The professionals at Gregory James Company, Inc. have the training to handle the special dynamics of a foreclosure appraisal. For a company you can trust, contact Gregory James Company, Inc..
Owners of properties in foreclosure could be unwilling to allow an inspection of the house, thus presenting specific challenges. They may have abandoned the property already and/or neglected care of the house for quite awhile - or worse, damaged the property.
For a property that has changed to Real Estate Owned, you most likely will be going for a speedy resolution . But you might want to know about and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any work done to it, with the repairs necessary to make the property marketable at full market value commensurate with competing homes in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your time line and the unique circumstances of a Real Estate Owned home, in addition to the special data you will need -- competing listings, neighborhood trends, and the like. You can bank on Gregory James Company, Inc. to take on the appraisal of your REO with expertise and professionalism. Contact us today.
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