Steven Kittle Appraisals is experienced when it comes to foreclosures in Greene CountyHouses that have returned to the bank's ownership and properties in foreclosure present various appraisal problems.
When dealing with a house in foreclosure, it's important to understand market value versus a "quick disposition" assessment to analyze your likely charge-off liability. At Steven Kittle Appraisals, we have the knowledge in both producing snapshots of market value for our mortgage clients, in addition to "quick sale" forecasts that understand your timeline.
Unique challenges can be present when dealing with owners of houses in foreclosure. They could be disinclined to allow an inspection of the house. They may have moved out of the home already and/or neglected care of the house for quite some time - or in some cases damaged the property.
You'll be interested in a quick disposition if the home has already changed to Real Estate Owned. So you need to know and compare three values: "as-is", "as repaired", and "quick sale". These correspond to: