REO Appraisal in Polk County
Homes in foreclosure and houses that have reverted to the lender's control create special appraisal problems.
For a house in foreclosure, you need to understand the difference between the fair market and "quick disposition" value to know your possible charge-off liability. Gregory James Company, Inc. has the training in both presenting snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your time constraints.
We have the expertise to handle the specific dynamics of a foreclosure appraisal. For a company you can trust, contact Gregory James Company, Inc..
Occupants of in foreclosure could be uncooperative to allowing an inspection of the house, thus presenting particular challenges. They might have deserted the property already and/or overlooked the care of the house for quite some time - or even worse, ransacked the house.
If your house has already gone back to bank owned, you will interested in a speedy disposition. However, you might want to know and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any work performed, with the repairs needed to make the property marketable at full market value comparable with similar homes 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 time line and the unique situation of an REO house, in addition to the unique data you will need -- competing listings, market trends, and so forth. You can rely on Gregory James Company, Inc. to handle the task of your bank owned property with expertise and professionalism. Contact us today.
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