REO Appraisals in Jefferson County
Houses that have returned to the financial institution's holding and homes in foreclosure create specific appraisal challenges.
It's vital to recognize the difference between fair market price and "quick disposition" worth to evaluate your likely write-down liability when dealing with a house in foreclosure. The professionals at Lightspeed Appraisal Group can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your time line.
You need a company with the qualifications to deal with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Lightspeed Appraisal Group.
Owners of properties in foreclosure, of course, can present unique challenges. They may be disinclined to allow an inspection of the house. If they abandoned the home already, they might have ignored the care of the house for some time - or unfortunately, damaged the property.
If your property has already changed to Real Estate Owned, you will interested in an expedited disposition. However, you may want to know and review three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any repairs done to it, with the repairs due to make the property marketable at full market value comparable with similar properties in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your time line and the unique situation of a bank owned house, in addition to the special data you'll need -- competing listings, market trends, and so forth. You can bank on Lightspeed Appraisal Group to take on the task of your REO professionally and efficiently. Contact us today.