Call Maddox Appraisal Service LLC when you need appraisals of Shelby foreclosures

Real Estate Owned and Foreclosure Appraisals in Shelby County

There are particular appraisal problems when it comes to a property in foreclosure or one that has reverted to the financial institution's holding.

It's important to differentiate the meanings of "market value" and a "quick disposition" price to analyze what losses you could sustain when dealing with a house in foreclosure. The professionals at Maddox Appraisal Service LLC can provide both snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your pressing needs.

Maddox Appraisal Service LLC has the expertise to work with the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Maddox Appraisal Service LLC.

Unique challenges might be present when working with owners of homes in foreclosure. They might be unwilling to allow an inspection of the home. If they left the home already, they might have neglected care of the home for a long time - or worse, caused damage to the home.

You will be interested in a quick disposition if the home has already reverted to REO. So you might want to know about and review three values: "as-is", "as repaired", and "quick sale". These represent:

  • The value of the home without any repairs performed
  • Possible value with the repairs necessary to make the property marketable at full market value - appropriate with competing houses in the area
  • With minimal investment in repairs - to offload the property quickly, seemingly as a "fixer-upper"
Again, we understand your timeline and the specific circumstances of an REO house, in addition to the special data you'll need - competing listings, market trends, and the like. You can bank on Maddox Appraisal Service LLC to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.