Real Estate Owned Appraisals in Chatham CountyThere 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.
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: |