Deer Creek Appraisals is experienced when it comes to foreclosures in Jefferson
Properties in foreclosure and properties that have gone back to the institution's holding create particular appraisal difficulties.
When there is a home in foreclosure, you should ascertain the difference between fair market worth and "quick disposition" price to evaluate your possible charge-off liability. At Deer Creek Appraisals, we have the background in both supplying snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your time constraints.
Deer Creek Appraisals has the experience to work with the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact Deer Creek Appraisals.
Special challenges can be present when working with owners of property in foreclosure. They may be disinclined to allow an inspection of the property. Often the subjects have been vandalized, unfortunately by the residents. Or, it's likely you'll discover nobody has lived in house for months or the home languishing in disrepair for extended periods of time.
For real estate that has already changed to REO, you most likely will be interested in an expeditious resolution . But you might want to know and examine three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any work performed, with the work necessary to make the home marketable at full market value commensurate with the other real estate in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your urgency and the unique circumstances of an REO home, as well as the unique information you'll need -- competing listings, neighborhood trends, and the like. You can bank on Deer Creek Appraisals to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.