Call C. Gaba Appraisals, LLC to order valuations of Mobile foreclosures

Foreclosure Appraisal in Mobile County

There are specific appraisal difficulties involved in a house in foreclosure or one that has gone back to the financial institution's control.

For a property in foreclosure, you would be wise to recognize the difference between the market value and a "quick disposition" value to know your possible charge-off liability. At C. Gaba Appraisals, LLC, we have the experience in both producing snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that consider your pressing needs.

You need a company with the qualifications to deal with the specific dynamics of a foreclosure appraisal. For a company you can trust, contact C. Gaba Appraisals, LLC.

Special challenges can be present when working with owners of houses in foreclosure. They might be unwilling to allow an inspection of the home. Sometimes the subjects have been vandalized, unfortunately by the former residents. Or, it's common to discover the families have moved out or the home neglected for extended periods of time.

For real estate that has already changed to Real Estate Owned, you probably will be going for a quick resolution. In any case, you'll still want to consider three ways of figuring the value of the asset:

  • As Repaired. Possible market value with the work due to make the property marketable at full market value - comparable with competing homes in the area
  • As-is. The value of the house without any repairs performed
  • Quick sale. Somewhere in between, with minor investment in repairs - to offload the home quickly, likely to someone inclined to finish the job themselves
Again, we understand your urgency and the special circumstances of a bank owned home, as well as the specific data you'll need - competing listings, neighborhood trends, and so forth. You can count on C. Gaba Appraisals, LLC to take on the appraisal of your REO professionally and efficiently. Contact us today.