Giles Appraisal Group, Inc. is experienced when it comes to bank owned properties in Bay
Properties that have returned to the institution's ownership and houses in foreclosure create various appraisal difficulties.
For a house in foreclosure, you need to know the difference between fair market worth and "quick disposition" to know your probable charge-off liability. At Giles Appraisal Group, Inc., we have the background in both furnishing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your timeline.
You need a company who has the expertise to work with the unique dynamics of a foreclosure appraisal. Contact Giles Appraisal Group, Inc. for a company you can trust.
Owners of dwellings in foreclosure could be uncooperative to allowing an inspection of the house, thus presenting special challenges. They might have left the home already and/or overlooked the care of the home for some time - or unfortunately, intentionally harmed the property.
If your home has already changed to REO, you will interested in a fast disposition. However, you may want to know and compare three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any repairs done to it, with the work necessary to make the property marketable at full market value commensurate with the other properties in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your timeline and the special circumstances of an REO house, in addition to the specific data you will need -- competing listings, neighborhood trends, and the like. You can count on Giles Appraisal Group, Inc. to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.