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Foreclosure Appraisals in Kent County

Homes in foreclosure and properties that have returned to the lender's possession create special appraisal challenges.

You should differentiate the meanings of "market value" and a "quick disposition" assessment to analyze what losses you could realize when dealing with a property in foreclosure. We can provide both snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your urgency.


	We have the expertise to handle the special dynamics of a foreclosure appraisal. For a company you can trust, contact Axelrod Realty & Appraisal.

Owners of property in foreclosureunfortunately can present special challenges: For example, they could be disinclined to allow the appraiser access to the house. If they left the property already, they could have neglected care of the home for quite some time - or worse, caused damage to the home.

For a property that has gone back to REO, you likewise will be seeking an expedited disposition. Regardless, you'll still want to consider three ways of looking at the value of the asset:

As Repaired. Value with the repairs called for to make the house marketable at full market value - comparable with similar properties in the area

As-is. The market value of the property without any work done to it

Quick sale. With minor investment in repairs - to offload the home quickly, most likely as a "fixer-upper"

Again, we understand your time line and the unique situation of a Real Estate Owned property, as well as the specific data you'll need - competing listings, market trends, and the like. You can rely on Axelrod Realty & Appraisal to handle the appraisal of your REO with expertise and professionalism. Contact us today.