Pierce Appraisal is experienced when it comes to bank owned properties in Scotts Bluff
Properties that have gone back to the bank's ownership and houses in foreclosure present specific appraisal problems.
When there is a house in foreclosure, you need to differentiate the difference between fair market value and "quick disposition" value to know your possible charge-off liability. Pierce Appraisal has the knowledge in both supplying snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your urgency.
You need a company with the experience to work with the specific dynamics of a foreclosure appraisal. For a company you can trust, contact Pierce Appraisal.
Owners of in foreclosure may be uncooperative to allowing an inspection of the property, thus presenting specific challenges. Sometimes the subjects show signs of vandalism, often by the former residents. Or, it's common to discover the previous owners have moved out or the home languishing in disrepair for extended periods of time.
You'll be interested in an expedited disposition if the house has already gone back to Real Estate Owned. So you need to understand and compare three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any work done to it, with the work required to make the property marketable at full market value commensurate with similar properties in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your urgency and the specific circumstances of an REO house, as well as the unique information you will need -- competing listings, market trends, and the like. You can bank on Pierce Appraisal to take on the appraisal of your REO with expertise and professionalism. Contact us today.