Call Appraisal Trust Company, LLC when you need valuations regarding Knox foreclosures

REO Appraisals in East Tennessee

Homes in foreclosure and homes that have gone back to the institution's control present particular appraisal problems.

For a house in foreclosure, you need to recognize the difference between the market and a "quick disposition" assessment to know your possible charge-off liability. We can provide both snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into account your time line.

Appraisal Trust Company, LLC has years of REO valuation experience to handle the specific dynamics of a foreclosure appraisal. Contact Appraisal Trust Company, LLC for a company you can rely on.

Owners of property in foreclosure, of course, can present specific challenges: For example, they may be uncooperative when it comes to allowing us access to the property. Often the homes have been vandalized, unfortunately at the hands of the former residents themselves. Or, it's common to discover a house at least abandoned or the home neglected for long periods of time.

If you're dealing with a house that has gone back to Real Estate Owned, you will interested in a speedy disposition. But you may want to know about and review three values: as-is, as repaired, and "quick sale". These represent:

  • The value of the home without any work performed
  • Value with the work necessary to make the house marketable at full market value - appropriate with similar homes in the neighborhood
  • Somewhere in between, with minimal investment in repairs - to offload the property quickly, probably to someone who'd rather finish the job themselves
Again, we understand your timeline and the special circumstances of a bank owned house, in addition to the specific information you will need - competing listings, market trends, and so forth. You can rely on Appraisal Trust Company, LLC to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.