Call Williamson Appraisals when you need valuations for Lee foreclosures

REO Appraisal in Lee County

Houses that have reverted to the financial institution's possession and properties in foreclosure bring forth various appraisal challenges.

When there is a house in foreclosure, you should know market value versus a "quick disposition" price to evaluate your potential charge-off liability. Williamson Appraisals has the knowledge in both supplying snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your time line.

We have the experience to handle the particular dynamics of a foreclosure appraisal. For a company you can count on, contact Williamson Appraisals.

Owners of properties in foreclosure, naturally, can present particular challenges. They could be disinclined to allow an inspection of the property. Sometimes the houses show signs of vandalism, unfortunately at the hands of the residents. Or, it's likely you'll find the previous owners have moved out or the home neglected for extended periods of time.

You'll be interested in a speedy disposition if the home has gone back to REO. So you may want to understand and analyze three values: "as-is", "as repaired", and "quick sale". These represent:

  • The value of the property without any repairs done to it
  • Value with the repairs called for to make the home marketable at full market value - appropriate with other homes in the neighborhood
  • With minor investment in repairs - to offload the property quickly, most likely as a "fixer-upper"
Again, we understand your time line and the special situation of a bank owned house, as well as the special information you'll need - competing listings, market trends, and so forth. You can bank on Williamson Appraisals to take on the appraisal of your REO professionally and efficiently. Contact us today.