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Call Colliver Appraisal Service when you need valuations of Fayette foreclosures

Colliver Appraisal Service is experienced when you need appraisals for bank owned properties in Fayette County

There are specific appraisal problems for a property in foreclosure or one that has reverted to the financial institution's possession.

For a house in foreclosure, you would be wise to know the difference between market and a "quick disposition" value to know your likely charge-off liability. At Colliver Appraisal Service, we have the background in both presenting snapshots of market value for our mortgage clients, in addition to "quick sale" forecasts that factor in your time constraints.

We have the training to deal with the unique dynamics of a foreclosure appraisal. Contact Colliver Appraisal Service for a company you can trust.

Unique challenges might be present when dealing with owners of property in foreclosure. They may be unwilling to allow an inspection of the house. They might have moved out of the property already and/or overlooked the care of the house for awhile - or gone as far as caused damage to the home.

For real estate that has returned to REO, you most likely will want to get rid of it quickly. Regardless, you'll still want to consider three angles for figuring the value of the subject property:

  • As Repaired. Value with the work needed to make the house marketable at full market value - appropriate with other properties in the area
  • As-is. The value of the home without any repairs done to it
  • Quick sale. With minor investment in repairs - to get rid of the home quickly, probably to someone inclined to finish the job themselves
Again, we understand your urgency and the unique circumstances of an REO property, in addition to the special information you will need - competing listings, neighborhood trends, and so forth. You can count on Colliver Appraisal Service to take on the appraisal of your REO professionally and efficiently. Contact us today.