Woods Appraisal, LLC is experienced when you need appraisals for bank owned properties in De Kalb CountyThere are specific appraisal problems when we're talking about a home in foreclosure or one that has reverted to the institution's possession.
When dealing with a home in foreclosure, you need to understand market value versus a "quick disposition" value to know your potential charge-off liability. The professionals at Woods Appraisal, LLC can provide both snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your time constraints.
Particular challenges might be present when dealing with owners of property in foreclosure. They might be uncooperative to allowing an inspection of the property. They may have left the house already and/or ignored the care of the property for some time - or worse, vandalized the property.
For a property that has reverted to REO, you probably will want it off your hands as quickly as possible. However, you might want to know and compare three values - "as-is", "as repaired", and "quick sale". These correspond to: