Amerigroup Appraisals is the company you should trust when you need appraisals for bank owned properties in Georgetown, KentuckyThere are specific appraisal difficulties when we're talking about a property in foreclosure or one that has returned to the institution's holding.
For a property in foreclosure, you should understand the gap between market value and a "quick disposition" assessment to know your probable charge-off liability. Amerigroup Appraisals has the knowledge in both furnishing snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that take into account your pressing needs.
Specific challenges might be present when dealing with owners of houses in foreclosure. They may be unwilling to allow an inspection of the house. Sometimes the properties show signs of vandalism, unfortunately by the residents. Or, it's likely you'll find a house at a minimum abandoned or the home languishing in disrepair for extended periods of time.
For real estate that has already reverted to Real Estate Owned, you probably will be interested in an expedited disposition. In any case, you'll still want to consider three angles for figuring the value of the real estate at hand: