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REO and Foreclosure Appraisal in Jackson County There are various appraisal problems when it comes to a property in foreclosure or one that has gone back to the financial institution's holding.
When there is a property in foreclosure, you should know market value versus a "quick disposition" assessment to know your likely charge-off liability. At JD North & Associates, we have the experience in both providing snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that consider your pressing needs.
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We have the training to deal with the specific dynamics of a foreclosure appraisal. Contact JD North & Associates for a company you can count on. |
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Owners of homes in foreclosureunfortunately can present special challenges. They may be disinclined to allow an inspection of the home. If they left the house already, they may have overlooked the care of the property for awhile - or unfortunately, caused damage to the home.
You'll be interested in an expeditious disposition if the property has already returned to REO. So you need to know and examine three values: "as-is", "as repaired", and "quick sale". These symbolize:
- The value of the property without any work performed
- Possible value with the repairs due to make the property marketable at full market value - comparable with similar real estate in the neighborhood
- With minor investment in repairs - to sell the property quickly, most likely to someone who'd rather finish the job themselves
Again, we understand your timeline and the unique situation of an REO home, as well as the specific information you will need - competing listings, market trends, and the like. You can rely on JD North & Associates to take on the task of your REO professionally and efficiently. Contact us today.
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