Real Estate Owned and Foreclosure Appraisal in Jefferson CountyHomes in foreclosure and properties that have gone back to the institution's ownership bring forth various appraisal challenges. You need to recognize the difference between fair market price and "quick disposition" worth to know your likely write-down liability when dealing with a house in foreclosure. At Deer Creek Appraisals, we have the training in both supplying snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your urgency. Deer Creek Appraisals has the qualifications to work with the special dynamics of a foreclosure appraisal. For a company you can trust, contact Deer Creek Appraisals. Occupants of homes in foreclosure could be opposed to allowing an inspection of the home, thus presenting special challenges. Sometimes the homes have been vandalized, unfortunately by the former residents. Or, it's likely you'll find nobody has occupied the house for months or the home neglected for extended periods of time. For a property that has gone back to REO, you probably will be interested in a fast resolution . However, you might want to know and analyze three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any repairs performed, with the repairs called for to make the home marketable at full market value commensurate with the other homes in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably to someone who'd rather finish the job themselves. Again, we understand your urgency and the special situation of a bank owned home, as well as the specific information you will need -- competing listings, market trends, and so forth. You can bank on Deer Creek Appraisals to handle the appraisal of your REO professionally and efficiently. Contact us today. |