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Call Premiere Appraisals, LLC to order appraisals regarding Eddy foreclosures

Foreclosure and REO Appraisals in Eddy County

Properties that have reverted to the financial institution's ownership and homes in foreclosure create special appraisal difficulties.

For a property in foreclosure, you definitely need to recognize the gap between the market and a "quick disposition" to know your probable charge-off liability. At Premiere Appraisals, LLC, we have the training in both providing snapshots of market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that consider your urgency.

You need a company with the experience to handle the unique dynamics of a foreclosure appraisal. Contact Premiere Appraisals, LLC for a company you can trust.

Occupants of homes in foreclosure could be opposed to allowing an inspection of the home, thus presenting particular challenges. If they moved out of the property already, they may have ignored the care of the house for a long time - or unfortunately, damaged the property.

For a home that has reverted to Real Estate Owned, you probably will want to get rid of it quickly. In any case, you'll still want to consider three ways of looking at the value of the real estate at hand:

  • As Repaired. Value with the work due to make the house marketable at full market value - in accordance with similar homes in the neighborhood
  • As-is. The value of the property without any repairs done to it
  • Quick sale. With minor investment in repairs - to sell the property quickly, possibly to someone who'd prefer to finish the job themselves
Again, we understand your urgency and the unique situation of a Real Estate Owned home, as well as the specific information you'll need - competing listings, neighborhood trends, and the like. You can bank on Premiere Appraisals, LLC to take on the task of your REO professionally and efficiently. Contact us today.