Call Steven M Shelamer to discuss valuations of Jackson foreclosures

Foreclosure and Real Estate Owned Appraisals in Jackson County

Houses that have gone back to the financial institution's possession and properties in foreclosure present various appraisal difficulties.

You should differentiate the meanings of "market value" and a "quick disposition" assessment to know what losses you might have to endure when dealing with a house in foreclosure. At Steven M Shelamer, we have the background in both providing snapshots of market value for our mortgage clients, as well as "quick sale" forecasts that understand your pressing needs.

We have the qualifications to deal with the particular dynamics of a foreclosure appraisal. Contact Steven M Shelamer for a company you can .

Owners of houses in foreclosure, naturally, can present specific challenges: For example, they could be unwilling to allow the appraiser access to the home. They may have left the property already and/or neglected care of the house for quite awhile - or even worse, vandalized the house.

For a house that has reverted to Real Estate Owned, you probably will be going for an expedited disposition. In any case, you'll still want to consider three ways of figuring the value of the real estate at hand:

  • As Repaired. Possible market value with the work needed to make the property marketable at full market value - in accordance with similar houses in the neighborhood
  • As-is. The market value of the property without any repairs performed
  • Quick sale. With minimal investment in repairs - to get rid of the property quickly, probably to someone inclined to finish the job themselves
Again, we understand your urgency and the unique circumstances of a bank owned home, in addition to the specific data you will need - competing listings, market trends, and so forth. You can count on Steven M Shelamer to take on the task of your bank owned property with expertise and professionalism. Contact us today.