Call Affordable Appraisals to order valuations regarding Greene foreclosures

Affordable Appraisals is the company you should trust when you need appraisals for bank owned properties in the Kansas City Metro Area

Properties that have reverted to the bank's ownership and homes in foreclosure create particular appraisal problems.

For a property in foreclosure, you need to understand the gap between the market value and a "quick disposition" assessment to know your probable charge-off liability. Affordable Appraisals has the experience in both producing snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that take into consideration your urgency.

You need a company who has the experience to work with the particular dynamics of a foreclosure appraisal. Contact Affordable Appraisals for a company you can count on.

Specific challenges may be present when dealing with owners of houses in foreclosure. They may be unwilling to allow an inspection of the home. Sometimes the properties have been vandalized, often at the hands of the residents themselves. Or, it's common to find a house at a minimum abandoned or the home neglected for extended periods of time.

You will be interested in a quick disposition if the house has already returned to bank owned. So you need to know and examine three values: "as-is", "as repaired", and "quick sale". These correspond to:

  • The value of the house without any work done to it
  • Possible value with the repairs needed to make the house marketable at full market value - consistent with other properties in the area
  • Somewhere in between, with minor investment in repairs - to get rid of the property quickly, probably to someone who'd rather finish the job themselves
Again, we understand your time line and the specific situation of a bank owned house, as well as the special data you will need - competing listings, market trends, and the like. You can rely on Affordable Appraisals to handle the appraisal of your REO with expertise and professionalism. Contact us today.