Serviced Appraisals is the company you should trust when it comes to bank owned properties in Saint Charles CountyHouses that have gone back to the bank's ownership and properties in foreclosure bring forth unique appraisal difficulties.
It's important to recognize the meanings of "market value" and a "quick disposition" price to analyze what losses you might realize when dealing with a property in foreclosure. Serviced Appraisals has the background in both presenting snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your urgency.
Occupants of dwellings in foreclosure could be disinclined to allow an inspection of the property, thus presenting special challenges. Sometimes the properties show signs of vandalism, often at the hands of the residents themselves. Or, it's common to find the previous owners have moved out or the home neglected for extended periods of time.
For a property that has reverted to REO, you most likely will want it off your hands as quickly as possible. However, you may want to know and analyze three values - "as-is", "as repaired", and "quick sale". These symbolize: