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Call Advantage Appraisal Associates to discuss appraisals of Saint Charles foreclosures

REO Appraisals in Saint Charles County

Houses that have gone back to the bank's possession and homes in foreclosure create special appraisal difficulties.

When there is a home in foreclosure, it's important to differentiate market value versus a "quick disposition" price to know your potential charge-off liability. Advantage Appraisal Associates has the experience in both furnishing snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into consideration your pressing needs.

The professionals at Advantage Appraisal Associates have the experience to work with the unique dynamics of a foreclosure appraisal. Contact Advantage Appraisal Associates for a company you can rely on.

Owners of property in foreclosure, of course, can present specific challenges: They could be uncooperative when it comes to allowing an inspection of the house. If they moved out of the house already, they might have neglected care of the home for a long time - or worse, ransacked the property.

You'll be interested in an expedited disposition if the property has returned to bank owned. So you may want to know and examine three values: "as-is", "as repaired", and "quick sale". These symbolize:

  • The value of the house without any repairs performed
  • Possible value with the work necessary to make the house marketable at full market value - commensurate with other homes in the neighborhood
  • With minimal investment in repairs - to get rid of the property quickly, most likely as a "fixer-upper"
Again, we understand your timeline and the unique situation of a Real Estate Owned house, as well as the special data you'll need - competing listings, neighborhood trends, and the like. You can rely on Advantage Appraisal Associates to handle the appraisal of your REO professionally and efficiently. Contact us today.