Real Estate Owned and Foreclosure Appraisals in Greenville County
Homes in foreclosure and houses that have gone back to the institution's holding create various appraisal challenges.
You should ascertain the difference between fair market price and "quick disposition" worth to analyze what losses you might sustain when dealing with a house in foreclosure. At True South Appraisals, LLC, we have the knowledge in both providing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time line.
We have the expertise to deal with the unique dynamics of a foreclosure appraisal. Contact True South Appraisals, LLC for a company you can count on.
Owners of properties in foreclosure might be uncooperative to allowing an inspection of the house, thus presenting unique challenges. Sometimes the homes have been vandalized, often by the former residents themselves. Or, it's common to discover nobody has occupied the house for months or the home languishing in disrepair for extended periods of time.
You will be interested in a fast disposition if the home has gone back to REO. So you might want to know and review three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any work performed, with the work required to make the house marketable at full market value appropriate with competing real estate in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly to someone who'd prefer to finish the job themselves. Again, we understand your time line and the specific situation of an REO property, as well as the special data you will need -- competing listings, neighborhood trends, and the like. You can rely on True South Appraisals, LLC to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.