Gregory James Company, Inc. is a company you can trust when you need appraisals for foreclosures in Atlanta
Properties in foreclosure and houses that have reverted to the institution's control bring forth various appraisal challenges.
For a property in foreclosure, you may need to know the gap between fair market value and "quick disposition" 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 take into account your timeline.
The professionals at Gregory James Company, Inc. have the qualifications to work with the specific dynamics of a foreclosure appraisal. Contact Gregory James Company, Inc. for a company you can trust.
Occupants of properties in foreclosure may be opposed to allowing an inspection of the property, thus presenting special challenges. They could have abandoned the property already and/or ignored the care of the house for awhile - or gone as far as intentionally harmed the home.
You will be interested in an expedited disposition if the property has already changed to REO. So you may want to know and analyze three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any work performed, with the work called for to make the home marketable at full market value consistent with similar properties in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your urgency and the specific situation of an REO property, in addition to the specific information you'll need -- competing listings, market trends, and so forth. You can count on Gregory James Company, Inc. to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.
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