Call Tri-County Appraisal to discuss valuations regarding Jefferson foreclosures

Tri-County Appraisal is experienced when you need appraisals for bank owned properties in Jefferson County

Properties in foreclosure and homes that have returned to the institution's possession bring forth particular appraisal problems.

When there is a property in foreclosure, you should differentiate market value versus a "quick disposition" price to know your probable charge-off liability. We can provide both snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your pressing needs.

You need a company with the experience to handle the special dynamics of a foreclosure appraisal. For a company you can count on, contact Tri-County Appraisal.

Owners of houses in foreclosure, naturally, can present unique challenges: They might be uncooperative when it comes to allowing the appraiser access to the house. Sometimes the houses have been vandalized, unfortunately at the hands of the former residents themselves. Or, it's likely you'll find a house at least abandoned or the home languishing in disrepair for long periods of time.

You'll be interested in an expeditious disposition if the property has gone back to Real Estate Owned. So you need to understand and examine three values: "as-is", "as repaired", and "quick sale". These symbolize:

  • The value of the house without any repairs performed
  • Possible value with the repairs necessary to make the home marketable at full market value - appropriate with competing real estate in the area
  • With minimal investment in repairs - to sell the home quickly, seemingly as a "fixer-upper"
Again, we understand your time line and the special situation of a bank owned property, in addition to the unique information you will need - competing listings, neighborhood trends, and so forth. You can count on Tri-County Appraisal to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.