Southeastern Valuation, LLC is experienced when you need appraisals for bank owned properties located in Jefferson, Shelby, Calhoun, Etowah, Blount, Saint Clair and Talladega Counties
There are specific appraisal difficulties when it comes to a house in foreclosure or one that has reverted to the lender's possession.
For a home in foreclosure, you should understand the gap between fair market worth and "quick disposition" price to know your potential charge-off liability. Southeastern Valuation, LLC has the experience in both providing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your time constraints.
You need a company who has the experience to work with the particular dynamics of a foreclosure appraisal. Contact Southeastern Valuation, LLC for a company you can rely on.
Special challenges can be present when working with owners of properties in foreclosure. They may be disinclined to allow an inspection of the house. If they deserted the home already, they might have neglected care of the house for some time - or unfortunately, caused damage to the home.
For a property that has returned to Real Estate Owned, you probably will be seeking a quick disposition . However, you may want to know and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any repairs performed, with the repairs necessary to make the property marketable at full market value corresponding with competing homes in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your urgency and the special circumstances of an REO property, as well as the special information you'll need -- competing listings, market trends, and the like. You can rely on Southeastern Valuation, LLC to take on the appraisal of your REO with expertise and professionalism. Contact us today.