Turner and Gerwitz Appraisals, LLC is experienced when you need appraisals for foreclosures in CountyHomes that have returned to the institution's holding and properties in foreclosure bring forth specific appraisal challenges.It's vital to understand the meanings of "market value" and a "quick disposition" value to analyze your likely charge-off liability when dealing with a house in foreclosure. At Turner and Gerwitz Appraisals, LLC, we have the training in both providing snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your timeline.
Occupants of properties in foreclosure may be unwilling to allow an inspection of the home, thus presenting unique challenges. Sometimes the homes have been intentionally damaged, often at the hands of the residents themselves. Or, it's common to find the families have moved out or the home neglected for long periods of time.
For a home that has already reverted to REO, you probably will be interested in an expeditious disposition. In any case, you'll still want to consider three angles for looking at the value of the real estate at hand: |