Call A. C. T. Heller Appraisal Service (260) 471-1500 when you need appraisals of Allen foreclosures

Real Estate Owned Appraisal in Allen County

There are special appraisal challenges regarding a property in foreclosure or one that has gone back to the bank's holding.

You need to know the meanings of "market value" and a "quick disposition" value to evaluate what losses you might sustain when dealing with a home in foreclosure. At A. C. T. Heller Appraisal Service (260) 471-1500, we have the knowledge in both supplying snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your pressing needs.

You need a company with the experience to work with the special dynamics of a foreclosure appraisal. Contact A. C. T. Heller Appraisal Service (260) 373-1710 for a company you can count on.

Specific challenges might be present when working with owners of property in foreclosure. They might be opposed to allowing an inspection of the home. They could have deserted the home already and/or ignored the care of the home for quite awhile - or even worse, caused damage to the house.

 

For a property that has already returned to REO, you probably will be interested in a quick disposition. In any case, you'll still want to consider three ways of figuring the value of the asset (or in some cases, liability):

  • As Repaired. Possible market value with the work needed to make the home marketable at full market value - comparable with competing homes in the area
  • As-is. The value of the house without any work done to it
  • Quick sale. With minimal investment in repairs - to get rid of the property quickly, possibly as a "fixer-upper"
Again, we understand your timeline and the unique circumstances of an REO property, in addition to the specific information you will need - competing listings, market trends, and the like. You can rely on A. C. T. Heller Appraisal Service (260) 471-1500 to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.