Call Affiliated Appraisal Services to discuss valuations pertaining to Penobscot foreclosures

Affiliated Appraisal Services is experienced when it comes to foreclosures in Kenduskeag, Maine

There are unique appraisal difficulties when we're talking about a property in foreclosure or one that has gone back to the financial institution's possession.

It's key to ascertain the meanings of "market value" and a "quick disposition" assessment to know your possible write-down liability when dealing with a property in foreclosure. Affiliated Appraisal Services has the knowledge in both presenting snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into consideration your time line.

Affiliated Appraisal Services has the qualifications to handle the special dynamics of a foreclosure appraisal. Contact Affiliated Appraisal Services for a company you can rely on.

Owners of properties in foreclosure, of course, can present specific challenges. For example, they could be opposed to allowing the appraiser access to the property. Sometimes the homes show signs of vandalism, often at the hands of the former residents themselves. Or, it's likely you'll discover a house at a minimum abandoned or the home neglected for extended periods of time.

You'll be interested in an expeditious disposition if the property has already changed to Real Estate Owned. So you may want to know and analyze three values: "as-is", "as repaired", and "quick sale". These represent:

  • The value of the property without any repairs performed
  • Value with the repairs required to make the home marketable at full market value - comparable with similar houses in the area
  • Somewhere in between, with minor investment in repairs - to offload the home quickly, seemingly to someone inclined to finish the job themselves
Again, we understand your urgency and the special situation of an REO property, as well as the unique information you'll need - competing listings, market trends, and so forth. You can count on Affiliated Appraisal Services to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.