Call Blue Ridge Appraisal and Consulting to order appraisals pertaining to Buncombe foreclosures

Foreclosure and REO Appraisal in Buncombe County

Properties in foreclosure and houses that have returned to the lender's control create special appraisal difficulties.

For a property in foreclosure, you need to know the gap between the market value and a "quick disposition" assessment to know your potential charge-off liability. Blue Ridge Appraisal and Consulting has the experience in both supplying snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your time line.

The professionals at Blue Ridge Appraisal and Consulting have the expertise to deal with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Blue Ridge Appraisal and Consulting.

Unique challenges may be present when dealing with owners of homes in foreclosure. They could be opposed to allowing an inspection of the home. Sometimes the properties show signs of vandalism, unfortunately at the hands of the residents themselves. Or, it's likely you'll discover nobody has occupied the house for months or the home languishing in disrepair for extended periods of time.

For a property that has already returned to REO, 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 subject property:

  • As Repaired. Value with the work needed to make the property marketable at full market value - consistent with competing properties in the area
  • As-is. The value of the home without any repairs done to it
  • Quick sale. With minimal investment in repairs - to get rid of the home quickly, likely as a "fixer-upper"
Again, we understand your timeline and the special circumstances of a bank owned property, as well as the special data you will need - competing listings, market trends, and the like. You can bank on Blue Ridge Appraisal and Consulting to take on the appraisal of your REO professionally and efficiently. Contact us today.