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Call Jeanette Ford Appraisal Service when you need appraisals pertaining to Johnston foreclosures

Jeanette Ford Appraisal Service is experienced when it comes to bank owned properties in Benson, North Carolina

Houses that have reverted to the bank's possession and houses in foreclosure present various appraisal challenges.

When dealing with a home in foreclosure, you need to understand market value versus a "quick disposition" price to analyze your likely charge-off liability. At Jeanette Ford Appraisal Service, we have the background in both presenting snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that consider your timeline.

Jeanette Ford Appraisal Service has the expertise to handle the particular dynamics of a foreclosure appraisal. Contact Jeanette Ford Appraisal Service for a company you can rely on.

Owners of houses in foreclosure, of course, can present particular challenges: For example, they might be disinclined to allow an inspection of the home. They might have left the property already and/or overlooked the care of the property for a long time - or unfortunately, damaged the house.

For a property that has already reverted to REO, you probably will want to get rid of it quickly. In any case, you'll still want to consider three angles for looking at the value of the subject property:

  • As Repaired. Possible market value with the repairs due to make the property marketable at full market value - comparable with competing properties in the area
  • As-is. The market value of the property without any repairs performed
  • Quick sale. With minor investment in repairs - to get rid of the property quickly, most likely as a "fixer-upper"
Again, we understand your time line and the special situation of a Real Estate Owned property, in addition to the specific data you'll need - competing listings, market trends, and the like. You can rely on Jeanette Ford Appraisal Service to handle the task of your bank owned property with expertise and professionalism. Contact us today.