REO and Foreclosure Appraisals in Horry CountyHouses that have reverted to the institution's holding and houses in foreclosure bring forth particular appraisal difficulties. For a home in foreclosure, you may need to recognize the difference between fair market price and "quick disposition" price to know your possible charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that take into consideration your time line. You need a company with the experience to deal with the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact CD Hilburn. Owners of property in foreclosure, of course, can present specific challenges. They might be opposed to allowing an inspection of the property. Often the properties have been ransacked, unfortunately by the residents. Or, it's likely you'll discover nobody has lived in house for months or the home languishing in disrepair for long of time. If your house has returned to Real Estate Owned, you will interested in a speedy disposition. However, you may want to know and review three values: as-is, as repaired, and "quick sale." These represent the value of the house without any work performed, with the repairs required to make the house marketable at full market value appropriate with similar properties in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your timeline and the special situation of a Real Estate Owned house, in addition to the special data you'll need -- competing listings, neighborhood trends, and so forth. You can count on CD Hilburn to take on the appraisal of your REO with expertise and professionalism. Contact us today. |