Call Schmid, Jobson & Company, LLC to discuss appraisals on Chatham foreclosures

Real Estate Owned Appraisals in Chatham County

There are various appraisal problems when it comes to a house in foreclosure or one that has returned to the bank's control.

When there is a house in foreclosure, you need to ascertain market value versus a "quick disposition" price to know your likely charge-off liability. At Schmid, Jobson & Company, LLC, we have the background in both furnishing snapshots of market value for our mortgage lending and servicing clients, in addition to "quick sale" forecasts that understand your time line.

Schmid, Jobson & Company, LLC has the training to handle the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact Schmid, Jobson & Company, LLC.

Specific challenges can be present when working with owners of homes in foreclosure. They could be opposed to allowing an inspection of the house. If they left the house already, they may have neglected care of the home for quite awhile - or worse, damaged the house.

For real estate that has already gone back to REO, you most likely will be seeking a fast disposition. In any case, you'll still want to consider three angles for figuring the value of the subject property:

  • As Repaired. Value with the repairs called for to make the property marketable at full market value - in accordance with other real estate in the area
  • As-is. The value of the property without any work performed
  • Quick sale. Somewhere in the middle, with minor investment in repairs - to get rid of the home quickly, possibly to someone who'd rather finish the job themselves
Again, we understand your time line and the specific situation of a bank owned property, in addition to the unique data you'll need - competing listings, neighborhood trends, and so forth. You can rely on Schmid, Jobson & Company, LLC to handle the task of your bank owned property professionally and efficiently. Contact us today.