Call Deborah B. Trusty when you need valuations on Charleston foreclosures

Foreclosure Appraisals in Charleston County

Houses in foreclosure and properties that have gone back to the institution's possession present various appraisal problems.

When there is a home in foreclosure, it's important to know market value versus a "quick disposition" assessment to know your likely charge-off liability. Deborah B. Trusty has the training in both providing snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that take into account your urgency.

You need a company who has the expertise to work with the unique dynamics of a foreclosure appraisal. Contact Deborah B. Trusty for a company you can trust.

Specific challenges may be present when working with owners of properties in foreclosure. They might be uncooperative to allowing an inspection of the house. They might have deserted the property already and/or overlooked the care of the property for some time - or in some cases intentionally harmed the home.

You will be interested in an expedited disposition if the property has gone back to bank owned. So you might want to know about and review three values: "as-is", "as repaired", and "quick sale". These represent:

  • The value of the home without any work done to it
  • Value with the work needed to make the home marketable at full market value - appropriate with other properties in the neighborhood
  • Somewhere in the middle, with minor investment in repairs - to offload the home quickly, seemingly to someone inclined to finish the job themselves
Again, we understand your urgency and the specific situation of an REO house, as well as the specific data you will need - competing listings, neighborhood trends, and the like. You can rely on Deborah B. Trusty to take on the appraisal of your REO with expertise and professionalism. Contact us today.