Boardwalk Certified Appraisers, LLC. is experienced when it comes to bank owned properties in Villa Rica, GeorgiaHouses that have returned to the financial institution's ownership and houses in foreclosure create special appraisal challenges.
When dealing with a house in foreclosure, you need to know market value versus a "quick disposition" assessment to analyze your possible charge-off liability. Boardwalk Certified Appraisers, LLC. has the knowledge in both presenting snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your time line.
Owners of houses in foreclosure, naturally, can present special challenges. For example, they may be unwilling to allow us access to the home. They may have abandoned the home already and/or overlooked the care of the home for quite some time - or even worse, vandalized the property.
For real estate that has already reverted to REO, you probably will want it off your hands as quickly as possible. Regardless, you'll still want to consider three angles for determining the value of the asset: