Lloyd Appraisal Services, LLC is the company you should trust when it comes to foreclosures in Pike CountyReal Estate in foreclosure and homes that have reverted to the bank's ownership present special appraisal challenges.
For a house in foreclosure, you should recognize the difference between the market price and a "quick disposition" price to know your potential charge-off liability. At Lloyd Appraisal Services, LLC, we have the training in both providing snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your pressing needs.
Owners of properties in foreclosureunfortunately can present unique challenges: For example, they may be opposed to allowing an inspection of the home. They could have left the home already and/or neglected care of the house for quite some time - or unfortunately, intentionally harmed the home.
For real estate that has already reverted to REO, you most likely will be going for an expedited disposition. In any case, you'll still want to consider three ways of determining the value of the asset (or in some cases, liability):