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Call Cheaney Appraisal Service to order valuations on Southwest Indiana foreclosures

Foreclosure and REO Appraisal in Vanderburgh County, Warrick County, Gibson County and Posey County

Homes in foreclosure and houses that have gone back to the financial institution's possession bring forth unique appraisal problems.

When there is a house in foreclosure, you should know market value versus a "quick disposition" value to know your possible charge-off liability. We can provide both snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your time constraints.

We have the expertise to handle the unique dynamics of a foreclosure appraisal. Contact Cheaney Appraisal Service for a company you can trust.

Owners of properties in foreclosure, of course, can present specific challenges: For example, they could be combative when it comes to allowing the appraiser access to the house. They could have abandoned the property already and/or neglected care of the home for some time - or gone as far as vandalized the property.

For real estate that has reverted to bank owned, you typically will want it off your hands as quickly as possible. In any case, you'll still want to consider three ways of figuring the value of the asset (or in some cases, liability):

  • As Repaired. Value with the work due to make the house marketable at full market value - comparable with other real estate in the area
  • As-is. The value of the property without any work done to it
  • Quick sale. With minimal investment in repairs - to sell the home quickly, possibly to someone who'd rather finish the job themselves
Again, we understand your urgency and the special situation of an REO home, in addition to the unique data you will need - competing listings, market trends, and so forth. You can bank on Cheaney Appraisal Service to handle the task of your bank owned property with expertise and professionalism. Contact us today.