Skylight Evaluations is experienced when you need appraisals for foreclosures in Lithonia, Metro Atlanta and most of GeorgiaThere are various appraisal difficulties when we're talking about a house in foreclosure or one that has returned to the bank's ownership.
For a house in foreclosure, you need to know the gap between the market value and a "quick disposition" price to know your potential charge-off liability. At Skylight Evaluations, we have the training in both furnishing snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that consider your pressing needs.
Owners of property in foreclosure, naturally, can present particular challenges: For example, they might be combative when it comes to allowing the appraiser access to the property. They might have left the home already and/or overlooked the care of the house for quite awhile - or worse, ransacked the house.
For a house that has already returned to bank owned, you most likely will want it off your hands as quickly as possible. However, you may want to know and compare the concepts of "as-is", "as repaired", and "quick sale" values. These correspond to: