Pierce Appraisal is experienced when it comes to bank owned properties in Gering
Properties that have reverted to the financial institution's ownership and houses in foreclosure present particular appraisal challenges.
When there is a property in foreclosure, you should understand the difference between fair market worth and "quick disposition" worth to know your potential charge-off liability. Pierce Appraisal has the background in both presenting snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into account your urgency.
Pierce Appraisal has the training to work with the particular dynamics of a foreclosure appraisal. For a company you can trust, contact Pierce Appraisal.
Owners of properties in foreclosure might be opposed to allowing an inspection of the house, thus presenting unique challenges. If they deserted the home already, they may have neglected care of the home for quite some time - or even worse, damaged the home.
For real estate that has already gone back to Real Estate Owned, you most likely will be seeking a fast resolution . But you may want to know and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any repairs performed, with the work needed to make the home marketable at full market value consistent with similar homes in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly to someone inclined to finish the job themselves. Again, we understand your timeline and the special situation of a Real Estate Owned property, as well as the special data you'll need -- competing listings, market trends, and so forth. You can bank on Pierce Appraisal to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.