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Call Scheller and Associates, Inc. when you need appraisals on Warrick foreclosures

Scheller and Associates, Inc. is experienced when it comes to foreclosures in Warrick County

There are specific appraisal problems when we're talking about a home in foreclosure or one that has returned to the institution's control.

For a home in foreclosure, you definitely need to recognize the gap between market and a "quick disposition" to know your possible charge-off liability. Scheller and Associates, Inc. has the knowledge in both supplying snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your pressing needs.

Scheller and Associates, Inc. has the qualifications to deal with the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Scheller and Associates, Inc..

Unique challenges can be present when dealing with owners of homes in foreclosure. They could be disinclined to allow an inspection of the home. They might have moved out of the house already and/or neglected care of the house for quite some time - or worse, ransacked the house.

You'll be interested in an expeditious disposition if the home has gone back to bank owned. So you may want to know about and review three values: "as-is", "as repaired", and "quick sale". These symbolize:

  • The value of the home without any work done to it
  • Value with the repairs due to make the house marketable at full market value - comparable with other homes in the neighborhood
  • With minor investment in repairs - to sell the property quickly, possibly to someone who'd prefer to finish the job themselves
Again, we understand your timeline and the special situation of an REO property, as well as the unique information you'll need - competing listings, market trends, and the like. You can count on Scheller and Associates, Inc. to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.