Evaluating Property in the MidSouth (EPM) is experienced when it comes to bank owned properties in Shelby County

When there is a property in foreclosure, you should differentiate market value versus a "quick disposition" price to know your potential charge-off liability. Evaluating Property in the MidSouth (EPM) has the experience in both furnishing snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your urgency.

	We have the training to work with the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact Evaluating Property in the MidSouth (EPM).

Unique challenges may be present when dealing with owners of homes in foreclosure. They could be opposed to allowing an inspection of the property. Sometimes the subjects have been vandalized, unfortunately at the hands of the former residents themselves. Or, it's common to find nobody has lived in house for months or the home neglected for long periods of time.

For real estate that has gone back to Real Estate Owned, you typically will want it off your hands as quickly as possible. But you may want to understand and analyze the definitions of "as-is", "as repaired", and "quick sale" values. These symbolize:

• The value of the home without any repairs done to it
• Value with the repairs required to make the house marketable at full market value - comparable with competing houses in the area
• Somewhere in between, with minimal investment in repairs - to offload the home quickly, probably to someone inclined to finish the job themselves