Giles Appraisal Group, Inc. is a company you can trust when it comes to foreclosures in Bay
Real Estate in foreclosure and properties that have returned to the lender's control bring forth specific appraisal challenges.
When dealing with a home in foreclosure, you should differentiate the difference between fair market worth and "quick disposition" worth to know your possible charge-off liability. The professionals at Giles Appraisal Group, Inc. can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time constraints.
We have the qualifications to work with the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact Giles Appraisal Group, Inc..
Occupants of in foreclosure could be uncooperative to allowing an inspection of the house, thus presenting specific challenges. If they deserted the property already, they could have not taken care of the home for some time - or worse, damaged the house.
For a property that has returned to REO, you typically will want it off your hands as quickly as possible . But you may want to know about and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any repairs done to it, with the work necessary to make the house marketable at full market value consistent with competing properties in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your timeline and the specific circumstances of an REO house, as well as the special information you will need -- competing listings, market trends, and so forth. You can count on Giles Appraisal Group, Inc. to handle the task of your bank owned property professionally and efficiently. Contact us today.