Foreclosure and REO Appraisal in Dekalb CountyHomes that have returned to the financial institution's possession and properties in foreclosure present unique appraisal problems.When dealing with a house in foreclosure, you should differentiate market value versus a "quick disposition" value to evaluate your potential charge-off liability. MS Residential Real Estate Appraisals has the experience in both producing snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into account your pressing needs.
Occupants of properties in foreclosure might be disinclined to allow an inspection of the house, thus presenting particular challenges. They might have left the home already and/or neglected care of the house for some time - or worse, caused damage to the house.
You will be interested in a speedy disposition if the property has already returned to Real Estate Owned. So you might want to understand and review three values: "as-is", "as repaired", and "quick sale". These symbolize: |