Call Hardy Appraisal Service to discuss appraisals regarding Lee foreclosures

REO Appraisals in Lee County

Homes in foreclosure and properties that have gone back to the bank's ownership present unique appraisal challenges.

It's vital to understand the meanings of "market value" and a "quick disposition" value to evaluate your likely write-down liability when dealing with a home in foreclosure. Hardy Appraisal Service has the experience in both supplying snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your urgency.

The professionals at Hardy Appraisal Service have the expertise to handle the unique dynamics of a foreclosure appraisal. For a company you can count on, contact Hardy Appraisal Service.

Specific challenges can be present when dealing with owners of homes in foreclosure. They may be unwilling to allow an inspection of the property. If they moved out of the property already, they could have neglected care of the property for some time - or worse, ransacked the home.

For a property that has reverted to REO, you most likely will be interested in an expedited disposition. In any case, you'll still want to consider three angles for figuring the value of the subject property:

  • As Repaired. Value with the work due to make the property marketable at full market value - appropriate with similar real estate in the neighborhood
  • As-is. The value of the home without any repairs performed
  • Quick sale. With minor investment in repairs - to offload the home quickly, most likely as a "fixer-upper"
Again, we understand your time line and the special circumstances of an REO house, in addition to the specific data you'll need - competing listings, neighborhood trends, and the like. You can count on Hardy Appraisal Service to handle the appraisal of your REO professionally and efficiently. Contact us today.