How Does The Mortgage Company Determine Their Sale Price?
Once the Mortgage Company or bank receives title to the property they will contact Total Solutions Realty to begin marketing the property. We will give them our opinion of value for the property in its present condition as it sits, and our opinion of the value of the home if it were put back into tip top shape. Most often, the bank or mortgage company will also have the property appraised by a licensed appraiser. Nearly always, pricing is based on market value.
