Giles Appraisal Group, Inc. is a company you can trust when you need appraisals for foreclosures in Panama City
Properties that have returned to the institution's possession and houses in foreclosure create specific appraisal problems.
You should understand the difference between fair market value and "quick disposition" value to analyze your potential charge-off liability when dealing with a house in foreclosure. We can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your time line.
You need a company with the expertise to deal with the special dynamics of a foreclosure appraisal. Contact Giles Appraisal Group, Inc. for a company you can trust.
Occupants of property in foreclosure may be uncooperative to allowing an inspection of the property, thus presenting particular challenges. Sometimes the homes have been ransacked, often by the residents. Or, it's common to discover the previous owners have moved out or the home neglected for long of time.
You'll be interested in a fast disposition if the home has already changed to bank owned. So you need to know about and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the property without any repairs performed, with the work due to make the property marketable at full market value comparable with similar real estate in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, seemingly to someone who'd rather finish the job themselves. Again, we understand your urgency and the special circumstances of a bank owned home, as well as the unique information you'll need -- competing listings, market trends, and the like. You can bank on Giles Appraisal Group, Inc. to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.