Real Estate Owned and Foreclosure Appraisals in Jackson County
Homes that have reverted to the institution's possession and homes in foreclosure present unique appraisal challenges.
When dealing with a property in foreclosure, it's important to ascertain market value versus a "quick disposition" price to evaluate your possible charge-off liability. Todd Appraisal, Inc. has the training in both providing snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your pressing needs.
The professionals at Todd Appraisal, Inc. have the qualifications to work with the particular dynamics of a foreclosure appraisal. Contact Todd Appraisal, Inc. for a company you can trust.
Occupants of properties in foreclosure may be disinclined to allow an inspection of the property, thus presenting specific challenges. They might have deserted the house already and/or overlooked the care of the house for quite awhile - or worse, vandalized the house.
For a home that has changed to REO, you most likely will be interested in an expedited disposition. Regardless, you'll still want to consider three ways of looking at the value of the real estate at hand:
As Repaired. Possible market value with the repairs needed to make the house marketable at full market value - in accordance with other homes in the neighborhood
As-is. The market value of the home without any repairs performed
Quick sale. With minor investment in repairs - to get rid of the property quickly, most likely to someone inclined to finish the job themselves
Again, we understand your timeline and the special situation of a bank owned home, as well as the specific data you will need - competing listings, neighborhood trends, and so forth. You can rely on Todd Appraisal, Inc. to take on the task of your REO with expertise and professionalism. Contact us today.
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Todd Appraisal, Inc.PO Box 7215 Kansas City, MO 64113-2306