Call D & M Appraisals when you need valuations for Franklin foreclosures

Foreclosure and REO Appraisals in Franklin County

There are particular appraisal problems when we're talking about a house in foreclosure or one that has gone back to the financial institution's control.

It's important to recognize the meanings of "market value" and a "quick disposition" value to evaluate your likely write-down liability when dealing with a home in foreclosure. D & M Appraisals has the background in both furnishing snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your pressing needs.

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 D & M Appraisals.

Occupants of houses in foreclosure could be opposed to allowing an inspection of the property, thus presenting specific challenges. If they have abandoned the home already, they may have not taken care of the home for awhile - or unfortunately, ransacked the property.

If you're dealing with home that has already gone back to REO, you will interested in an expedited disposition. However, you might want to know and compare three values: as-is, as repaired, and "quick sale". These represent:

  • The value of the house without any repairs done to it
  • Value with the repairs required to make the house marketable at full market value - comparable with competing real estate in the area
  • With minor investment in repairs - to get rid of the property quickly, likely to someone who'd prefer to finish the job themselves
Again, we understand your urgency and the specific situation of a bank owned house, in addition to the special data you'll need - competing listings, neighborhood trends, and the like. You can rely on D & M Appraisals to take on the task of your bank owned property professionally and efficiently. Contact us today.