Mike Surles RE, LLC is the company you should trust when it comes to bank owned properties in Charleston County

There are particular appraisal difficulties when we're talking about a house in foreclosure or one that has gone back to the lender's holding.

When dealing with a home in foreclosure, it's important to recognize market value versus a "quick disposition" price to evaluate your probable charge-off liability. Mike Surles RE, LLC has the knowledge in both furnishing snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into account your pressing needs.

	You need a company who has the experience to deal with the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact Mike Surles RE, LLC.

Specific challenges may be present when working with owners of property in foreclosure. They might be disinclined to allow an inspection of the home. Often the homes have been vandalized, unfortunately at the hands of the former residents. Or, it's common to discover a house at a minimum abandoned or the home languishing in disrepair for long periods of time.

For real estate that has reverted to bank-owned, you most likely will want it off your hands as quickly as possible. In any case, you'll still want to consider three ways of looking at the value of the subject property:

• As Repaired. Value with the repairs necessary to make the home marketable at full market value - consistent with other homes in the area.
• As-is. The value of the house without any work done to it.
• Quick sale. Somewhere in between, with minimal investment in repairs - to offload the property quickly, most likely as a "fixer-upper."