Call Crandall Appraisal Service to discuss appraisals regarding Jefferson foreclosures

REO Appraisals in Jefferson County

Houses that have returned to the bank's possession and homes in foreclosure present unique appraisal challenges.

When dealing with a house in foreclosure, you should know market value versus a "quick disposition" value to analyze your likely charge-off liability. At Crandall Appraisal Service, we have the background in both providing snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that factor in your time constraints.

Crandall Appraisal Service has the experience to work with the specific dynamics of a foreclosure appraisal. Contact Crandall Appraisal Service for a company you can count on.

Particular challenges can be present when working with owners of property in foreclosure. They might be disinclined to allow an inspection of the property. They might have deserted the house already and/or neglected care of the property for quite awhile - or unfortunately, vandalized the home.

For a house that has returned to bank owned, you most likely will be going for a fast disposition. Regardless, you'll still want to consider three ways of figuring the value of the asset:

  • As Repaired. Possible market value with the repairs required to make the property marketable at full market value - commensurate with other homes in the neighborhood
  • As-is. The market value of the property without any repairs done to it
  • Quick sale. With minimal investment in repairs - to offload the home quickly, seemingly to someone inclined to finish the job themselves
Again, we understand your time line and the unique circumstances of a Real Estate Owned house, as well as the special data you will need - competing listings, neighborhood trends, and so forth. You can bank on Crandall Appraisal Service to take on the task of your REO professionally and efficiently. Contact us today.