R. Scott Pierce Appraisal Services is experienced when it comes to foreclosures in Forrest
Properties that have returned to the institution's possession and houses in foreclosure create unique appraisal problems.
For a home in foreclosure, you might need to understand the gap between fair market value and "quick disposition" price to know your possible charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into consideration your time line.
The professionals at R. Scott Pierce Appraisal Services have the training to handle the unique dynamics of a foreclosure appraisal. Contact R. Scott Pierce Appraisal Services for a company you can trust.
Occupants of homes in foreclosure might be opposed to allowing an inspection of the property, thus presenting unique challenges. If they left the house already, they could have ignored the care of the home for quite awhile - or worse, caused damage to the home.
You will be interested in an expedited disposition if the property has changed to bank owned. So you might want to know and examine three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any work done to it, with the work due to make the property marketable at full market value consistent with the other houses in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your urgency and the special circumstances of a bank owned property, in addition to the specific data you will need -- competing listings, neighborhood trends, and the like. You can count on R. Scott Pierce Appraisal Services to handle the task of your REO with expertise and professionalism. Contact us today.