GVI Appraisals, Inc. is experienced when you need appraisals for foreclosures in Tuscaloosa
There are special appraisal challenges involved in a house in foreclosure or one that has returned to the financial institution's ownership.
For a house in foreclosure, you might need to know the difference between the fair market price and "quick disposition" worth to know your possible charge-off liability. At GVI Appraisals, Inc., we have the experience in both supplying snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time line.
GVI Appraisals, Inc. has the expertise to work with the special dynamics of a foreclosure appraisal. For a company you can trust, contact GVI Appraisals, Inc..
Owners of houses in foreclosure, of course, can present special challenges. They may be disinclined to allow an inspection of the property. Often the subjects have been vandalized, often at the hands of the former residents themselves. Or, it's likely you'll find the previous owners have moved out or the home neglected for extended periods of time.
If your home has already reverted to bank owned, you will interested in an expedited disposition. But you might want to understand and analyze three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any repairs performed, with the work due to make the house marketable at full market value corresponding with the other homes in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your time line and the specific circumstances of a bank owned home, as well as the specific information you will need -- competing listings, market trends, and so forth. You can rely on GVI Appraisals, Inc. to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.