Call Indiana Appraisal Services to discuss valuations on Marion foreclosures

Indiana Appraisal Services is experienced when you need appraisals for bank owned properties in Marion County

Real Estate in foreclosure and properties that have reverted to the lender's holding present particular appraisal difficulties.

You need to ascertain the meanings of "market value" and a "quick disposition" price to evaluate your potential charge-off liability when dealing with a property in foreclosure. We can provide both snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into consideration your time line.

You need a company who has the expertise to deal with the particular dynamics of a foreclosure appraisal. For a company you can trust, contact Indiana Appraisal Services.

Specific challenges can be present when working with owners of properties in foreclosure. They may be uncooperative to allowing an inspection of the property. If they deserted the property already, they may have overlooked the care of the home for quite awhile - or unfortunately, ransacked the home.

You will be interested in an expeditious disposition if the property has already changed to REO. So you need to know about and analyze three values: "as-is", "as repaired", and "quick sale". These represent:

  • 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 - appropriate with competing properties in the neighborhood
  • With minimal investment in repairs - to sell the home quickly, most likely to someone who'd prefer to finish the job themselves
Again, we understand your timeline and the special circumstances of an REO house, in addition to the specific data you'll need - competing listings, market trends, and the like. You can count on Indiana Appraisal Services to take on the task of your bank owned property professionally and efficiently. Contact us today.