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Call Appraisal Services to order appraisals for Wilson foreclosures

Appraisal Services is experienced when it comes to bank owned properties in Wilson County

Homes in foreclosure and houses that have gone back to the lender's possession present special appraisal difficulties.

For a property in foreclosure, you would be wise to know the gap between the market price and a "quick disposition" assessment to know your likely charge-off liability. At Appraisal Services, we have the knowledge in both presenting snapshots of market value for our mortgage clients, in addition to "quick sale" forecasts that factor in your time line.

We have the expertise to handle the particular dynamics of a foreclosure appraisal. Contact Appraisal Services for a company you can rely on.

Occupants of property in foreclosure could be unwilling to allow an inspection of the home, thus presenting particular challenges. Sometimes the homes have been vandalized, unfortunately by the former residents themselves. Or, it's common to find a house at least abandoned or the home neglected for extended periods of time.

If you're dealing with property that has already changed to REO, you will interested in an expedited disposition. However, you might want to understand and examine three values: as-is, as repaired, and "quick sale". These correspond to:

  • The value of the property without any work done to it
  • Possible value with the repairs needed to make the house marketable at full market value - comparable with competing houses in the neighborhood
  • Somewhere in the middle, with minor investment in repairs - to sell the home quickly, possibly as a "fixer-upper"
Again, we understand your urgency and the special situation of an REO home, as well as the unique information you will need - competing listings, neighborhood trends, and the like. You can bank on Appraisal Services to handle the appraisal of your REO with expertise and professionalism. Contact us today.