Foreclosure and Real Estate Owned Appraisal in Polk County
Houses that have returned to the bank's ownership and homes in foreclosure present various appraisal problems.
You should recognize the difference between fair market value and "quick disposition" value to analyze your potential charge-off liability when dealing with a property in foreclosure. Gregory James Company, Inc. has the background in both providing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your time line.
Gregory James Company, Inc. has the qualifications to work with the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact Gregory James Company, Inc..
Special challenges might be present when dealing with owners of property in foreclosure. They might be unwilling to allow an inspection of the property. Sometimes the subjects have been vandalized, unfortunately by the residents. Or, it's likely you'll find a house at a minimum abandoned or the home languishing in disrepair for long of time.
You will be interested in an expeditious disposition if the home has already returned to bank owned. So you may want to understand and compare three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any repairs performed, with the work needed to make the property marketable at full market value consistent with the other properties in the neighborhood, 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 specific circumstances of a bank owned home, in addition to the specific information you'll need -- competing listings, neighborhood trends, and the like. You can rely on Gregory James Company, Inc. to take on the task of your bank owned property professionally and efficiently. Contact us today.
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