Call Appraisal Consultants, Inc. to discuss valuations of Vanderburgh foreclosures

Foreclosure Appraisals in Vanderburgh County

There are special appraisal challenges regarding a house in foreclosure or one that has returned to the lender's holding.

You need to differentiate the meanings of "market value" and a "quick disposition" price to evaluate what losses you stand to sustain when dealing with a property in foreclosure. At Appraisal Consultants, Inc., we have the background in both supplying snapshots of market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that consider your timeline.

You need a company with the training to deal with the specific dynamics of a foreclosure appraisal. Contact Appraisal Consultants, Inc. for a company you can count on.

Owners of homes in foreclosure, of course, can present specific challenges. For example, they may be unwilling to allow an inspection of the home. They could have abandoned the house already and/or neglected care of the house for quite awhile - or unfortunately, vandalized the home.

For real estate that has already gone back to REO, you probably will want to get rid of it quickly. Regardless, you'll still want to consider three angles for looking at the value of the subject property:

  • As Repaired. Possible market value with the work required to make the home marketable at full market value - commensurate with similar houses in the area
  • As-is. The value of the home without any repairs performed
  • Quick sale. With minimal investment in repairs - to sell the home quickly, probably to someone inclined to finish the job themselves
Again, we understand your timeline and the unique situation of a Real Estate Owned house, as well as the specific data you'll need - competing listings, neighborhood trends, and so forth. You can count on Appraisal Consultants, Inc. to take on the task of your bank owned property with expertise and professionalism. Contact us today.