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Call Appraisal and Consulting Services when you need appraisals on Monroe foreclosures

REO and Foreclosure Appraisal in Monroe County

Homes that have gone back to the institution's ownership and homes in foreclosure present unique appraisal problems.

It's key to recognize the meanings of "market value" and a "quick disposition" price to know your possible write-down liability when dealing with a house in foreclosure. We can provide both snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your time line.

We have the training to deal with the special dynamics of a foreclosure appraisal. For a company you can trust, contact Appraisal and Consulting Services.

Owners of houses in foreclosureunfortunately can present particular challenges. They could be disinclined to allow an inspection of the house. If they left the property already, they might have ignored the care of the property for quite some time - or unfortunately, caused damage to the house.

If you're dealing with a house that has changed to REO, you will interested in a speedy disposition. But you may want to understand and review three values: as-is, as repaired, and "quick sale". These correspond to:

  • The value of the house without any repairs done to it
  • Possible value with the work due to make the property marketable at full market value - in accordance with other real estate in the area
  • With minor investment in repairs - to sell the property quickly, most likely to someone who'd prefer to finish the job themselves
Again, we understand your timeline and the special situation of an REO home, as well as the unique data you'll need - competing listings, neighborhood trends, and the like. You can bank on Appraisal and Consulting Services to take on the task of your REO professionally and efficiently. Contact us today.