Foreclosure and REO Appraisal in Pickens CountyProperties in foreclosure and homes that have returned to the bank's possession bring forth special appraisal challenges.You need to differentiate the meanings of "market value" and a "quick disposition" assessment to analyze your possible charge-off liability when dealing with a home in foreclosure. Payne Appraisal Services, Inc. has the experience in both producing snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into account your urgency.
Occupants of houses in foreclosure could be uncooperative to allowing an inspection of the house, thus presenting particular challenges. If they left the home already, they might have neglected care of the house for a long time - or unfortunately, damaged the home.
If you're dealing with a house that has gone back to Real Estate Owned, you will interested in a quick disposition. However, you might want to know and examine three values: as-is, as repaired, and "quick sale". These correspond to: |