Call Gregory James Company, Inc. to discuss appraisals of Polk foreclosures

Foreclosure and REO Appraisals in Polk County

Properties in foreclosure and houses that have reverted to the financial institution's control create specific appraisal difficulties.

For a house in foreclosure, you should recognize the gap between fair market value and "quick disposition" worth to know your potential charge-off liability. Gregory James Company, Inc. has the background in both supplying snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your urgency.

We have the experience to work with the special dynamics of a foreclosure appraisal. Contact Gregory James Company, Inc. for a company you can rely on.

Owners of houses in foreclosure, of course, can present particular challenges. They may be disinclined to allow an inspection of the home. They might have deserted the property already and/or ignored the care of the property for quite some time - or unfortunately, intentionally harmed the house.

For a property that has already gone back to REO, you likewise will be going for an expedited disposition . But you may want to know about and examine three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any work done to it, with the repairs necessary to make the house marketable at full market value appropriate with competing properties in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly to someone who'd rather finish the job themselves. Again, we understand your time line and the unique circumstances of a bank owned property, in addition to the unique data 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 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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