Call River Ridge Appraisal Service to discuss valuations of Floyd foreclosures

Foreclosure and REO Appraisal in Floyd County

There are special appraisal challenges when we're talking about a house in foreclosure or one that has returned to the institution's control.

It's important to recognize the meanings of "market value" and a "quick disposition" value to evaluate your potential charge-off liability when dealing with a property in foreclosure. River Ridge Appraisal Service has the knowledge in both supplying snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your time line.

You need a company who has the training to work with the specific dynamics of a foreclosure appraisal. For a company you can trust, contact River Ridge Appraisal Service.

Occupants of dwellings in foreclosure may be disinclined to allow an inspection of the property, thus presenting unique challenges. If they left the house already, they may have neglected care of the property for a long time - or even worse, caused damage to the property.

For real estate that has already changed to Real Estate Owned, you probably will be seeking a fast disposition. In any case, you'll still want to consider three angles for figuring the value of the asset:

  • As Repaired. Value with the work required to make the house marketable at full market value - commensurate with similar homes in the neighborhood
  • As-is. The value of the property without any repairs performed
  • Quick sale. With minor investment in repairs - to offload the home quickly, seemingly as a "fixer-upper"
Again, we understand your urgency and the unique circumstances of a Real Estate Owned home, in addition to the unique data you will need - competing listings, market trends, and so forth. You can bank on River Ridge Appraisal Service to take on the appraisal of your REO professionally and efficiently. Contact us today.