Call Appraisal Source of Virginia to discuss valuations on Roanoke City foreclosures

REO and Foreclosure Appraisal in Roanoke City County

Houses that have gone back to the financial institution's ownership and homes in foreclosure bring forth unique appraisal difficulties.

It's vital to know the meanings of "market value" and a "quick disposition" assessment to know your possible write-down liability when dealing with a home in foreclosure. At Appraisal Source of Virginia, we have the experience in both supplying snapshots of market value for our mortgage lending and servicing clients, in addition to "quick sale" forecasts that factor in your time constraints.


	We have the expertise to work with the unique dynamics of a foreclosure appraisal. Contact Appraisal Source of Virginia for a company you can rely on.

Special challenges can be present when dealing with owners of homes in foreclosure. They could be disinclined to allow an inspection of the home. If they deserted the property already, they might have ignored the care of the house for quite awhile - or unfortunately, caused damage to the house.

You will be interested in an expeditious disposition if the home has already returned to bank owned. So you may want to know and compare three values: "as-is", "as repaired", and "quick sale". These correspond to:

The value of the property without any work performed
Possible value with the work called for to make the property marketable at full market value - consistent with other houses in the neighborhood

With minor investment in repairs - to get rid of the property quickly, seemingly to someone inclined to finish the job themselves

Again, we understand your timeline and the special circumstances of a bank owned property, as well as the specific information you will need - competing listings, market trends, and so forth. You can rely on Appraisal Source of Virginia to handle the appraisal of your REO professionally and efficiently. Contact us today.