Gregory James Company, Inc. is a company you can trust when you need appraisals for foreclosures in Atlanta
There are specific appraisal challenges for a house in foreclosure or one that has gone back to the financial institution's control.
You should know the difference between fair market worth and "quick disposition" value to evaluate what losses you might have to endure when dealing with a property in foreclosure. Gregory James Company, Inc. has the training in both providing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your timeline.
We have the training to deal with the particular dynamics of a foreclosure appraisal. For a company you can count on, contact Gregory James Company, Inc..
Owners of property in foreclosure could be uncooperative to allowing an inspection of the property, thus presenting particular challenges. If they abandoned the house already, they might have not taken care of the house for awhile - or worse, caused damage to the property.
For a property that has reverted to bank owned, you most likely will want to get rid of it quickly . But you may want to know and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the home without any repairs performed, with the work called for to make the home marketable at full market value comparable with the other houses in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your urgency and the special circumstances of an REO home, as well as the special information you'll need -- competing listings, market trends, and the like. You can rely on Gregory James Company, Inc. to handle the appraisal of your REO professionally and efficiently. Contact us today.
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