Call DRB Appraisals to discuss valuations regarding Jay foreclosures

DRB Appraisals is experienced when it comes to bank owned properties in Hartford City, Indiana

Properties that have returned to the financial institution's ownership and properties in foreclosure present particular appraisal difficulties.

It's key to understand the meanings of "market value" and a "quick disposition" assessment to analyze your possible write-down liability when dealing with a home in foreclosure. DRB Appraisals has the knowledge in both presenting snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your urgency.

You need a company who has the experience to deal with the special dynamics of a foreclosure appraisal. Contact DRB Appraisals for a company you can trust.

Owners of houses in foreclosure, of course, can present particular challenges. For example, they may be opposed to allowing an inspection of the house. If they abandoned the property already, they may have not taken care of the house for some time - or worse, damaged the house.

For a home that has already gone back to bank owned, you probably will be interested in an expedited disposition. However, you might want to know about and examine three values - "as-is", "as repaired", and "quick sale". These correspond to:

  • The value of the home without any work done to it
  • Value with the repairs required to make the house marketable at full market value - appropriate with other properties in the area
  • With minimal investment in repairs - to get rid of the home quickly, possibly as a "fixer-upper"
Again, we understand your urgency and the unique circumstances of an REO property, in addition to the special information you will need - competing listings, neighborhood trends, and so forth. You can bank on DRB Appraisals to take on the task of your bank owned property professionally and efficiently. Contact us today.