JRW International Inc. is the company you should trust when you need appraisals for bank owned properties in Cobb CountyHouses in foreclosure and homes that have returned to the financial institution's ownership bring forth specific appraisal difficulties.
It's vital to differentiate the meanings of "market value" and a "quick disposition" assessment to evaluate your likely write-down liability when dealing with a property in foreclosure. At JRW International Inc., we have the experience in both furnishing snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that consider your time line.
Owners of homes in foreclosure could be unwilling to allow an inspection of the property, thus presenting special challenges. They may have moved out of the house already and/or neglected care of the home for a long time - or worse, vandalized the house.
For real estate that has reverted to Real Estate Owned, you most likely will want to get rid of it quickly. In any case, you'll still want to consider three ways of determining the value of the real estate at hand: