REO and Foreclosure Appraisal in Beaufort CountyHomes that have reverted to the financial institution's control and properties in foreclosure create specific appraisal problems.When there is a property in foreclosure, you should know market value versus a "quick disposition" price to analyze your possible charge-off liability. We can provide both snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your time line.
Occupants of properties in foreclosure might be opposed to allowing an inspection of the property, thus presenting special challenges. If they left the property already, they might have not taken care of the property for quite awhile - or unfortunately, caused damage to the property.
For a property that has reverted to bank owned, you typically will want it off your hands as quickly as possible. Regardless, you'll still want to consider three ways of determining the value of the real estate at hand: |