South Eastern Appraisal, Inc. is experienced when you need appraisals for foreclosures in Pulaski CountyHouses that have gone back to the institution's possession and houses in foreclosure create particular appraisal difficulties.
For a home in foreclosure, you need to recognize the gap between market and a "quick disposition" assessment to know your potential charge-off liability. At South Eastern Appraisal, Inc., we have the knowledge in both providing snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that factor in your timeline.
Particular challenges may be present when dealing with owners of properties in foreclosure. They may be unwilling to allow an inspection of the home. If they moved out of the home already, they could have neglected care of the home for a long time - or unfortunately, damaged the house.
For a home that has gone back to REO, you probably will be going for a speedy resolution. In any case, you'll still want to consider three ways of determining the value of the asset (or in some cases, liability):