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Call Williams Appraisal Service when you need appraisals regarding Lawrence foreclosures

Foreclosure Appraisal in Lawrence County

There are various appraisal challenges for a property in foreclosure or one that has reverted to the bank's holding.

It's vital to ascertain the meanings of "market value" and a "quick disposition" assessment to evaluate your likely write-down liability when dealing with a house in foreclosure. We can provide both snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your time constraints.

We have the expertise to handle the unique dynamics of a foreclosure appraisal. For a company you can trust, contact Williams Appraisal Service.

Particular challenges can be present when working with owners of properties in foreclosure. They might be uncooperative to allowing an inspection of the property. If they deserted the home already, they might have ignored the care of the home for quite some time - or worse, ransacked the house.

For a home that has changed to Real Estate Owned, you typically will want it off your hands as quickly as possible. In any case, you'll still want to consider three ways of figuring the value of the subject property:

  • As Repaired. Value with the work required to make the home marketable at full market value - commensurate with other homes in the neighborhood
  • As-is. The value of the home without any work done to it
  • Quick sale. With minimal investment in repairs - to offload the property quickly, likely as a "fixer-upper"
Again, we understand your time line and the special circumstances of an REO home, as well as the special information you will need - competing listings, neighborhood trends, and so forth. You can bank on Williams Appraisal Service to take on the task of your bank owned property professionally and efficiently. Contact us today.