Foreclosure Appraisals in Charleston CountyHouses 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.
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: |