Brooks Appraisal Services is the company you should trust when you need appraisals for bank owned properties in Central IndianaReal Estate in foreclosure and houses that have returned to the lender's control bring forth unique appraisal challenges.
When dealing with a property in foreclosure, it's important to know market value versus a "quick disposition" value to know your probable charge-off liability. Brooks Appraisal Services has the background in both supplying snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your pressing needs.
Owners of houses in foreclosure, naturally, can present unique challenges. For example, they may be opposed to allowing us access to the house. They could have deserted the home already and/or overlooked the care of the home for a long time - or gone as far as damaged the house.
For a property that has already reverted to Real Estate Owned, you typically will want to get rid of it quickly. Regardless, you'll still want to consider three ways of looking at the value of the real estate at hand: