Call JLF Appraisals to order valuations pertaining to Fresno foreclosures

REO and Foreclosure Appraisal in Fresno County

Houses in foreclosure and homes that have gone back to the institution's control create special appraisal challenges.

When there is a home in foreclosure, you should recognize market value versus a "quick disposition" price to evaluate your potential charge-off liability. JLF Appraisals has the experience in both producing snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your time line.

You need a company with the qualifications to handle the particular dynamics of a foreclosure appraisal. Contact JLF Appraisals for a company you can .

Owners of property in foreclosure could be disinclined to allow an inspection of the house, thus presenting particular challenges. Sometimes the houses show signs of vandalism, often by the former residents themselves. Or, it's likely you'll find a house at least abandoned or the home languishing in disrepair for extended periods of time.

You'll be interested in a speedy disposition if the home has already reverted to Real Estate Owned. So you need to understand and review three values: "as-is", "as repaired", and "quick sale". These correspond to:

  • The value of the home without any repairs performed
  • Possible value with the repairs required to make the house marketable at full market value - comparable with competing homes in the area
  • Somewhere in between, with minor investment in repairs - to sell the home quickly, probably to someone inclined to finish the job themselves
Again, we understand your time line and the unique situation of a Real Estate Owned house, as well as the specific data you'll need - competing listings, market trends, and so forth. You can rely on JLF Appraisals to handle the appraisal of your REO with expertise and professionalism. Contact us today.