REO and Foreclosure Appraisals in Jackson County

When dealing with a home in foreclosure, you need to ascertain market value versus a "quick disposition" price to analyze your likely charge-off liability. At Prestige Appraisal, we have the training in both supplying snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that consider your time constraints.

	You need a company who has the training to deal with the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact Prestige Appraisal.

Special challenges may be present when dealing with owners of homes in foreclosure. They may be disinclined to allow an inspection of the home. Often the subjects have been vandalized, often by the residents. Or, it's likely you'll find nobody has occupied the house for months or the home languishing in disrepair for long periods of time.

For real estate that has gone back to Real Estate Owned, you probably will be interested in a speedy disposition. In any case, you'll still want to consider three angles for figuring the value of the asset (or in some cases, liability):

• As Repaired. Possible market value with the repairs due to make the home marketable at full market value - appropriate with competing real estate in the neighborhood
• As-is. The market value of the home without any work done to it
• Quick sale. Somewhere in the middle, with minor investment in repairs - to get rid of the property quickly, seemingly to someone inclined to finish the job themselves