Indiana Appraisal Services is experienced when you need appraisals for bank owned properties in Marion CountyReal 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.
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: