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Call Appraisal Review & Reports to order appraisals on Washington foreclosures

Appraisal Review & Reports is experienced when it comes to bank owned properties in Johnson City, Tennessee

Homes in foreclosure and homes that have returned to the institution's ownership bring forth various appraisal problems.

For a house in foreclosure, you would be wise to know the difference between market value and a "quick disposition" value to know your possible charge-off liability. We can provide both snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your pressing needs.

We have the training to handle the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Appraisal Review & Reports.

Owners of property in foreclosure can present specific challenges. They might be opposed to allowing an inspection of the property. If they left the property already, they could have ignored the care of the property for some time - or even worse, caused damage to the house.

For real estate that has returned to bank owned, you most likely will be going for an expeditious resolution. In any case, you'll still want to consider three angles for looking at the value of the real estate at hand:

  • As Repaired. Possible market value with the work necessary to make the home marketable at full market value - commensurate with other homes in the area
  • As-is. The market value of the house without any work done to it
  • Quick sale. With minor investment in repairs - to sell the property quickly, possibly to someone who'd rather finish the job themselves
Again, we understand your timeline and the special situation of a Real Estate Owned home, in addition to the specific information you will need - competing listings, neighborhood trends, and the like. You can rely on Appraisal Review & Reports to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.