Call BenchMark Appraisals LLC to discuss valuations for Wood foreclosures

BenchMark Appraisals LLC is experienced when you need appraisals for bank owned properties in Wood County

There are special appraisal challenges for a home in foreclosure or one that has returned to the lender's possession.

When dealing with a property in foreclosure, it's important to recognize market value versus a "quick disposition" price to analyze your potential charge-off liability. BenchMark Appraisals LLC has the knowledge in both presenting snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your time constraints.

The professionals at BenchMark Appraisals LLC have the expertise to handle the special dynamics of a foreclosure appraisal. Contact BenchMark Appraisals LLC for a company you can .

Owners of houses in foreclosure, naturally, can present unique challenges. They may be unwilling to allow an inspection of the home. If they deserted the home already, they might have overlooked the care of the home for quite some time - or worse, damaged the home.

 

For real estate that has already changed to REO, you likewise will be seeking an expedited disposition. Regardless, you'll still want to consider three ways of determining the value of the real estate at hand:

  • As Repaired. Possible market value with the work called for to make the home marketable at full market value - commensurate with similar houses in the neighborhood
  • As-is. The value of the home without any work performed
  • Quick sale. Somewhere in between, with minimal investment in repairs - to sell the property quickly, seemingly as a "fixer-upper"
Again, we understand your timeline and the unique circumstances of a Real Estate Owned house, in addition to the specific data you will need - competing listings, market trends, and the like. You can count on BenchMark Appraisals LLC to take on the appraisal of your REO with expertise and professionalism. Contact us today.