Giles Appraisal Group, Inc is experienced when it comes to bank owned properties in BayProperties that have returned to the institution's holding and houses in foreclosure create various appraisal problems. When dealing with a property in foreclosure, it's important to know the difference between fair market value and "quick disposition" worth to evaluate your potential charge-off liability. Giles Appraisal Group, Inc has the background in both presenting snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your time constraints. We have the expertise to deal with the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact Giles Appraisal Group, Inc. Owners of property in foreclosure, of course, can present unique challenges. They might be disinclined to allow an inspection of the house. They could have deserted the home already and/or neglected care of the home for quite some time - or unfortunately, ransacked the home. You will be interested in an expedited disposition if the property has already gone back to REO. So you need to understand and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any repairs performed, with the work needed to make the home marketable at full market value corresponding with similar houses in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely to someone who'd rather finish the job themselves. Again, we understand your timeline and the specific circumstances of an REO home, in addition to the special data you'll need -- competing listings, market trends, and the like. You can bank on Giles Appraisal Group, Inc to handle the task of your REO with expertise and professionalism. Contact us today. |