Call Anglum Appraisal to order appraisals pertaining to Stone foreclosures

Foreclosure and Real Estate Owned Appraisals in Southwest Missouri and Northwest Arkansas

There are specific appraisal difficulties for a house in foreclosure or one that has reverted to the institution's possession.

It's vital to ascertain the meanings of "market value" and a "quick disposition" assessment to know your probable write-down liability when dealing with a home in foreclosure. Anglum Appraisal has the experience in both presenting snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into consideration your time constraints.

The professionals at Anglum Appraisal have the qualifications to handle the unique dynamics of a foreclosure appraisal. For a company you can trust, contact Anglum Appraisal.

Unique challenges may be present when dealing with owners of properties in foreclosure. They may be opposed to allowing an inspection of the property. Sometimes the houses show signs of vandalism, unfortunately at the hands of the residents themselves. Or, it's common to find nobody has occupied the house for months or the home neglected for long periods of time.

For real estate that has already gone back to REO, you probably will want it off your hands as quickly as possible. Regardless, you'll still want to consider three ways of looking at the value of the asset (or in some cases, liability):

  • As Repaired. Value with the work required to make the property marketable at full market value - in accordance with other homes in the neighborhood
  • As-is. The market value of the property without any repairs done to it
  • Quick sale. Somewhere in the middle, 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 timeline and the special circumstances of an REO home, as well as the specific data you'll need - competing listings, neighborhood trends, and the like. You can bank on Anglum Appraisal to take on the appraisal of your REO with expertise and professionalism. Contact us today.