Call Carlson Agency LLC when you need valuations regarding Marion foreclosures

Real Estate Owned and Foreclosure Appraisal in Marion County

There are special appraisal problems when it comes to a house in foreclosure or one that has returned to the bank's ownership.

It's important to differentiate the meanings of "market value" and a "quick disposition" price to know your probable charge-off liability when dealing with a home in foreclosure. The professionals at Carlson Agency LLC can provide both snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your time constraints.

You need a company with the experience to handle the particular dynamics of a foreclosure appraisal. Contact Carlson Agency LLC for a company you can rely on.

Particular challenges might be present when working with owners of properties in foreclosure. They might be unwilling to allow an inspection of the house. If they left the home already, they could have overlooked the care of the home for some time - or worse, ransacked the property.

For a house that has already reverted to Real Estate Owned, you most likely will want it off your hands as quickly as possible. In any case, you'll still want to consider three ways of determining the value of the asset (or in some cases, liability):

  • As Repaired. Value with the work required to make the house marketable at full market value - consistent with similar homes in the neighborhood
  • As-is. The market value of the property without any repairs performed
  • Quick sale. Somewhere in between, with minimal investment in repairs - to get rid of the home quickly, probably as a "fixer-upper"
Again, we understand your timeline and the special situation of a bank owned house, in addition to the unique information you'll need - competing listings, market trends, and the like. You can bank on Carlson Agency LLC to handle the task of your REO with expertise and professionalism. Contact us today.