Call Gregory James Company, Inc. when you need valuations regarding Polk foreclosures

Foreclosure and REO Appraisals in Polk County

Homes that have reverted to the bank's possession and properties in foreclosure present various appraisal problems.

For a house in foreclosure, you need to understand the difference between fair market value and "quick disposition" price to know your likely charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your urgency.

We have the training to handle the unique dynamics of a foreclosure appraisal. Contact Gregory James Company, Inc. for a company you can trust.

Owners of properties in foreclosure, of course, can present special challenges. They may be opposed to allowing an inspection of the home. Often the homes have been ransacked, often by the former residents. Or, it's likely you'll find nobody has occupied the house for months or the home languishing in disrepair for extended periods of time.

For a house that has returned to Real Estate Owned, you typically will want to get rid of it quickly . However, you might want to know and analyze three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any repairs done to it, with the repairs needed to make the property marketable at full market value corresponding with similar houses in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably to someone who'd prefer to finish the job themselves. Again, we understand your urgency and the specific circumstances of a Real Estate Owned house, in addition to the unique information you'll need -- competing listings, market trends, and the like. You can bank on Gregory James Company, Inc. to handle the task of your REO with expertise and professionalism. Contact us today.

Today's Rates

Mtg Loan Rate APR
30-yr Fixed 4.55% 4.7%
15-yr Fixed 4.01% 4.22%
1-yr Adj 2.76% 3.42%
* national averages

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