REO and Foreclosure Appraisals in Jefferson CountyHouses in foreclosure and homes that have gone back to the institution's control present special appraisal challenges. When there is a house in foreclosure, you should know the difference between fair market value and "quick disposition" worth to analyze your likely charge-off liability. The professionals at Deer Creek Appraisals can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into consideration your time line. We have the experience to work with the unique dynamics of a foreclosure appraisal. Contact Deer Creek Appraisals for a company you can trust. Owners of property in foreclosure might be uncooperative to allowing an inspection of the home, thus presenting specific challenges. Often the properties have been vandalized, unfortunately at the hands of the former residents. Or, it's common to find the families have moved out or the home neglected for extended periods of time. You will be interested in an expedited disposition if the house has already changed to Real Estate Owned. So you might want to know about and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any work done to it, with the repairs necessary to make the house marketable at full market value consistent with the other homes in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, probably to someone who'd prefer to finish the job themselves. Again, we understand your timeline and the special situation of an REO house, in addition to the special information you'll need -- competing listings, neighborhood trends, and so forth. You can rely on Deer Creek Appraisals to take on the task of your bank owned property with expertise and professionalism. Contact us today. |