Greenville Appraisal Services is a company you can trust when it comes to bank owned properties in Anderson
Houses that have gone back to the institution's ownership and houses in foreclosure create special appraisal difficulties.
For a house in foreclosure, you need to know the gap between the fair market price and "quick disposition" price to know your potential charge-off liability. Greenville Appraisal Services has the training in both furnishing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into account your time constraints.
We have the training to handle the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact Greenville Appraisal Services.
Occupants of homes in foreclosure might be opposed to allowing an inspection of the home, thus presenting unique challenges. If they moved out of the house already, they could have overlooked the care of the property for quite awhile - or even worse, damaged the home.
You'll be interested in a speedy disposition if the property has already reverted to Real Estate Owned. So you may want to understand and review three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any repairs done to it, with the repairs called for to make the property marketable at full market value corresponding with similar houses in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your time line and the specific circumstances of a Real Estate Owned home, in addition to the specific data you'll need -- competing listings, neighborhood trends, and the like. You can rely on Greenville Appraisal Services to handle the task of your REO with expertise and professionalism. Contact us today.