Deer Creek Appraisals is experienced when you need appraisals for bank owned properties in Jefferson
Properties that have gone back to the institution's holding and properties in foreclosure create unique appraisal problems.
When dealing with a property in foreclosure, it's important to recognize the difference between fair market worth and "quick disposition" value to analyze your possible charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your time line.
Deer Creek Appraisals has the experience to work with the special dynamics of a foreclosure appraisal. For a company you can trust, contact Deer Creek Appraisals.
Owners of homes in foreclosure, of course, can present particular challenges. They may be disinclined to allow an inspection of the home. They may have deserted the house already and/or overlooked the care of the house for awhile - or gone as far as damaged the property.
For a home that has already gone back to bank owned, you likewise will be seeking a quick disposition . But you may want to understand and compare three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any repairs done to it, with the repairs called for to make the house marketable at full market value commensurate with the other homes in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your time line and the unique situation of a bank owned house, as well as the special data you will need -- competing listings, market trends, and the like. You can count on Deer Creek Appraisals to handle the task of your REO professionally and efficiently. Contact us today.