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Call Appraisal Services and Solutions, LLC when you need appraisals on Forrest foreclosures

Appraisal Services and Solutions, LLC is experienced when you need appraisals for bank owned properties in Forrest County

There are specific appraisal difficulties when it comes to a property in foreclosure or one that has reverted to the lender's holding.

When dealing with a home in foreclosure, you need to differentiate market value versus a "quick disposition" value to know your possible charge-off liability. The professionals at Appraisal Services and Solutions, LLC can provide both snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that take into account your time constraints.

The professionals at Appraisal Services and Solutions, LLC have the qualifications to deal with the unique dynamics of a foreclosure appraisal. For a company you can trust, contact Appraisal Services and Solutions, LLC.

Owners of homes in foreclosure, of course, can present unique challenges. For example, they may be unwilling to allow an inspection of the property. They may have moved out of the property already and/or ignored the care of the house for some time - or worse, caused damage to the house.

For a property that has already returned to bank owned, you most likely will be going for a speedy disposition. Regardless, you'll still want to consider three angles for determining the value of the asset:

  • As Repaired. Possible market value with the repairs called for to make the home marketable at full market value - commensurate with similar 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, probably as a "fixer-upper"
Again, we understand your urgency and the special situation of a Real Estate Owned property, in addition to the specific information you will need - competing listings, market trends, and so forth. You can rely on Appraisal Services and Solutions, LLC to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.