Hometowne Appraisals is the company you should trust when it comes to bank owned properties in Glynn County, GeorgiaThere are specific appraisal problems when it comes to a house in foreclosure or one that has gone back to the bank's holding.
It's key to understand the meanings of "market value" and a "quick disposition" price to know what losses you stand to have to endure when dealing with a house in foreclosure. The professionals at Hometowne Appraisals can provide both snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time line.
Owners of homes in foreclosure can present specific challenges: They may be disinclined to allow an inspection of the house. Sometimes the subjects have been vandalized, often by the former residents. Or, it's common to discover the previous owners have moved out or the home neglected for long periods of time.
You will be interested in a speedy disposition if the property has already changed to Real Estate Owned. So you may want to understand and analyze three values: "as-is", "as repaired", and "quick sale". These represent: