R. Scott Pierce Appraisal Services is experienced when you need appraisals for bank owned properties in Hattiesburg
Houses that have reverted to the bank's control and homes in foreclosure present particular appraisal challenges.
You need to recognize the difference between fair market value and "quick disposition" value to analyze your possible charge-off liability when dealing with a home in foreclosure. We can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into account your time line.
The professionals at R. Scott Pierce Appraisal Services have the qualifications to deal with the particular dynamics of a foreclosure appraisal. Contact R. Scott Pierce Appraisal Services for a company you can count on.
Owners of homes in foreclosure, of course, can present particular challenges. They could be disinclined to allow an inspection of the home. If they abandoned the house already, they may have not taken care of the property for awhile - or unfortunately, damaged the house.
If your house has already gone back to REO, you will interested in an expeditious disposition. However, you might want to know about and examine three values: as-is, as repaired, and "quick sale." These represent the value of the property without any repairs performed, with the work necessary to make the house marketable at full market value appropriate with similar houses in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your time line and the unique situation of a bank owned house, in addition to the specific information you will need -- competing listings, neighborhood trends, and so forth. You can bank on R. Scott Pierce Appraisal Services to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.