R. Scott Pierce Appraisal Services is experienced when it comes to bank owned properties in Hattiesburg
Properties that have gone back to the bank's holding and houses in foreclosure present special appraisal difficulties.
You should ascertain the difference between fair market value and "quick disposition" value to analyze your potential write-down liability when dealing with a house in foreclosure. The professionals at R. Scott Pierce Appraisal Services can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your timeline.
The professionals at R. Scott Pierce Appraisal Services have the training to deal with the unique dynamics of a foreclosure appraisal. Contact R. Scott Pierce Appraisal Services for a company you can count on.
Specific challenges can be present when working with owners of property in foreclosure. They could be opposed to allowing an inspection of the property. They could have deserted the house already and/or neglected care of the home for some time - or in some cases vandalized the house.
You will be interested in a quick disposition if the home has already gone back to REO. So you may want to know and examine three values: as-is, as repaired, and "quick sale." These represent the value of the home without any repairs performed, with the repairs called for to make the property marketable at full market value corresponding with competing homes in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your timeline and the specific circumstances of a bank owned house, in addition to the special information you'll need -- competing listings, neighborhood trends, and the like. You can bank on R. Scott Pierce Appraisal Services to handle the task of your REO with expertise and professionalism. Contact us today.