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Foreclosure and Real Estate Owned Appraisals in Forsyth County
Homes that have returned to the financial institution's control and properties in foreclosure create various appraisal difficulties.
For a property in foreclosure, you need to know the gap between the market price and a "quick disposition" value to know your potential charge-off liability.
ValPros has the knowledge in both providing snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your time constraints.
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You need a company with the training to work with the unique dynamics of a foreclosure appraisal. Contact ValPros for a company you can count on. |
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Owners of houses in foreclosure might be unwilling to allow an inspection of the home, thus presenting particular challenges.
If they abandoned the home already, they might have ignored the care of the property for awhile - or even worse, caused damage to the house.
You will be interested in a quick disposition if the property has already gone back to Real Estate Owned. So you might want to understand and review three values: "as-is", "as repaired", and "quick sale". These correspond to: - The value of the house without any work done to it
- Possible value with the repairs needed to make the home marketable at full market value - commensurate with similar houses in the neighborhood
- Somewhere in between, with minor investment in repairs - to get rid of the property quickly, most likely as a "fixer-upper"
Again, we understand your timeline and the unique circumstances of a bank owned house, in addition to the special data you will need - competing listings, market trends, and so forth. You can bank on ValPros to handle the task of your bank owned property with expertise and professionalism. Contact us today.
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