Foreclosure Appraisal in Forrest County
Real Estate in foreclosure and properties that have reverted to the lender's ownership create various appraisal problems.
For a house in foreclosure, you might need to recognize the gap between fair market worth and "quick disposition" value to know your potential charge-off liability. R. Scott Pierce Appraisal Services has the training in both supplying snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your urgency.
We have the training to deal with the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact R. Scott Pierce Appraisal Services.
Owners of houses in foreclosure, of course, can present unique challenges. They could be uncooperative to allowing an inspection of the house. If they have abandoned the home already, they could have overlooked the care of the property for quite some time - or worse, caused damage to the house.
You will be interested in a fast disposition if the house has already gone back to Real Estate Owned. So you might want to understand and compare three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any repairs performed, with the repairs due to make the property marketable at full market value consistent with similar houses in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your urgency and the special circumstances of an REO home, in addition to the specific data you'll need -- competing listings, market trends, and the like. You can rely on R. Scott Pierce Appraisal Services to take on the appraisal of your REO professionally and efficiently. Contact us today.