Call Compass Appraisal to discuss valuations for Wakulla foreclosures

Foreclosure and Real Estate Owned Appraisal in Wakulla County

Properties that have reverted to the institution's possession and homes in foreclosure bring forth particular appraisal problems.

You should recognize the meanings of "market value" and a "quick disposition" assessment to analyze your possible charge-off liability when dealing with a house in foreclosure. Compass Appraisal has the experience in both producing snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your urgency.

We have the qualifications to work with the unique dynamics of a foreclosure appraisal. Contact Compass Appraisal for a company you can rely on.

Owners of dwellings in foreclosure could be unwilling to allow an inspection of the home, thus presenting particular challenges. They may have moved out of the home already and/or neglected care of the property for quite awhile - or unfortunately, ransacked the house.

You'll be interested in an expedited disposition if the home has already reverted to bank owned. So you may want to know and examine three values: "as-is", "as repaired", and "quick sale". These correspond to:

  • The value of the property without any work done to it
  • Possible value with the work needed to make the house marketable at full market value - consistent with similar houses in the area
  • With minor investment in repairs - to get rid of the home quickly, possibly as a "fixer-upper"
Again, we understand your timeline and the unique circumstances of an REO property, as well as the special data you will need - competing listings, neighborhood trends, and the like. You can count on Compass Appraisal to handle the task of your bank owned property professionally and efficiently. Contact us today.