REO Appraisals in Fulton CountyHouses that have gone back to the institution's possession and houses in foreclosure bring forth special appraisal challenges.When dealing with a property in foreclosure, you need to recognize market value versus a "quick disposition" value to evaluate your possible charge-off liability. We can provide both snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your time line.
Specific challenges can be present when working with owners of houses in foreclosure. They could be uncooperative to allowing an inspection of the house. Sometimes the properties have been intentionally damaged, unfortunately at the hands of the former residents. Or, it's likely you'll find the previous owners have moved out or the home languishing in disrepair for extended periods of time.
For real estate that has gone back to REO, you likewise will be interested in a speedy disposition. Regardless, you'll still want to consider three ways of determining the value of the real estate at hand: |