Gregory James Company, Inc. is experienced when you need appraisals for bank owned properties in Cedartown
There are various appraisal challenges regarding a property in foreclosure or one that has gone back to the financial institution's ownership.
For a property in foreclosure, you need to understand the difference between the fair market value and "quick disposition" value to know your possible charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your time constraints.
You need a company with the expertise to handle the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact Gregory James Company, Inc..
Particular challenges may be present when working with owners of property in foreclosure. They might be opposed to allowing an inspection of the home. If they have abandoned the home already, they could have ignored the care of the property for quite awhile - or even worse, caused damage to the property.
For real estate that has already reverted to bank owned, you most likely will be seeking a speedy resolution . But you might want to know about and examine three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any repairs done to it, with the repairs required to make the home marketable at full market value commensurate with competing homes in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your timeline and the special situation of a Real Estate Owned property, in addition to the unique data you will need -- competing listings, neighborhood trends, and the like. You can rely on Gregory James Company, Inc. to handle the task of your bank owned property professionally and efficiently. Contact us today.
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