Call Appraisal Services, LLC when you need appraisals on Warrick foreclosures

Real Estate Owned and Foreclosure Appraisals in Warrick & Vanderburgh County

Homes in foreclosure and properties that have returned to the institution's possession bring forth unique appraisal difficulties.

When there is a house in foreclosure, it's important to know market value versus a "quick disposition" value to evaluate your possible charge-off liability. The professionals at Appraisal Services, LLC can provide both snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your urgency.

You need a company with the expertise to deal with the unique dynamics of a foreclosure appraisal. For a company you can trust, contact Appraisal Services, LLC.

Specific challenges can be present when dealing with owners of houses in foreclosure. They might be disinclined to allow an inspection of the house. Often the houses have been vandalized, unfortunately at the hands of the residents. Or, it's common to find a house at a minimum abandoned or the home languishing in disrepair for long periods of time.

You will be interested in a fast disposition if the property has 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 value of the house without any work performed
  • Value with the work due to make the house marketable at full market value - consistent with other houses in the neighborhood
  • With minor investment in repairs - to get rid of the property quickly, possibly as a "fixer-upper"
Again, we understand your time line and the special situation of a bank owned home, in addition to the specific information you'll need - competing listings, market trends, and the like. You can rely on Appraisal Services, LLC to take on the appraisal of your REO professionally and efficiently. Contact us today.