REO Appraisals in Forrest County
Real Estate in foreclosure and properties that have reverted to the lender's ownership bring forth special appraisal problems.
You need to differentiate the difference between fair market worth and "quick disposition" price to analyze your likely charge-off liability when dealing with a property in foreclosure. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your timeline.
The professionals at R. Scott Pierce Appraisal Services have the experience to handle the unique dynamics of a foreclosure appraisal. For a company you can trust, contact R. Scott Pierce Appraisal Services.
Owners of in foreclosure might be disinclined to allow an inspection of the property, thus presenting specific challenges. Often the subjects have been vandalized, often by the residents. Or, it's likely you'll find the previous owners have moved out or the home neglected for long of time.
You'll be interested in an expeditious 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 home without any work done to it, with the repairs required to make the property marketable at full market value comparable with competing homes in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your time line and the specific circumstances of a bank owned home, as well as the special information you'll need -- competing listings, market trends, and so forth. You can rely on R. Scott Pierce Appraisal Services to take on the appraisal of your REO with expertise and professionalism. Contact us today.