Call Southern Appraisal Network, Inc. when you need appraisals for Hamilton foreclosures

Real Estate Owned Appraisals in Hamilton County

There are particular appraisal difficulties when it comes to a house in foreclosure or one that has reverted to the financial institution's possession.

It's key to recognize the meanings of "market value" and a "quick disposition" assessment to evaluate your probable write-down liability when dealing with a property in foreclosure. At Southern Appraisal Network, Inc., we have the experience in both presenting snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that factor in your timeline.

You need a company who has the training to handle the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact Southern Appraisal Network, Inc..

Specific challenges might be present when working with owners of homes in foreclosure. They could be opposed to allowing an inspection of the property. They may have left the home already and/or overlooked the care of the property for quite awhile - or worse, vandalized the home.

You will be interested in a speedy disposition if the home has changed to Real Estate Owned. So you need to know and analyze three values: "as-is", "as repaired", and "quick sale". These correspond to:

  • The value of the property without any work performed
  • Possible value with the repairs called for to make the home marketable at full market value - in accordance with similar real estate in the area
  • With minimal investment in repairs - to offload the property quickly, possibly as a "fixer-upper"
Again, we understand your urgency and the specific situation of a Real Estate Owned house, in addition to the special data you will need - competing listings, neighborhood trends, and the like. You can bank on Southern Appraisal Network, Inc. to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.