REO Appraisals in Union County

When dealing with a home in foreclosure, it's important to differentiate market value versus a "quick disposition" value to analyze your probable charge-off liability. The professionals at Owensby Services can provide both snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time constraints.

	You need a company who has the qualifications to deal with the special dynamics of a foreclosure appraisal. Contact Owensby Services for a company you can trust.

Occupants of properties in foreclosure may be opposed to allowing an inspection of the home, thus presenting specific challenges. Often the subjects have been vandalized, often at the hands of the former residents. Or, it's likely you'll find nobody has occupied the house for months or the home languishing in disrepair for extended periods of time.

For a home that has already returned to REO, you typically will want to get rid of it quickly. However, you might want to know and compare the meanings of "as-is", "as repaired", and "quick sale" values. These correspond to:

• The value of the home without any repairs done to it
• Value with the repairs necessary to make the property marketable at full market value - commensurate with other properties in the neighborhood
• With minor investment in repairs - to sell the home quickly, probably to someone inclined to finish the job themselves