Call Reeder Appraisal Services, LLC to order valuations for Cameron foreclosures

Foreclosure and Real Estate Owned Appraisal in Cameron County

Houses in foreclosure and properties that have returned to the lender's possession create special appraisal challenges.

It's important to differentiate the meanings of "market value" and a "quick disposition" assessment to know your possible charge-off liability when dealing with a property in foreclosure. We can provide both snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your urgency.

You need a company with the training to handle the special dynamics of a foreclosure appraisal. Contact Reeder Appraisal Services, LLC for a company you can rely on.

Special challenges may be present when dealing with owners of property in foreclosure. They might be disinclined to allow an inspection of the property. They may have abandoned the home already and/or overlooked the care of the property for quite awhile - or in some cases damaged the house.

For a home that has gone back to REO, you most likely will be seeking an expeditious disposition. Regardless, you'll still want to consider three angles for looking at the value of the asset (or in some cases, liability):

  • As Repaired. Possible market value with the work necessary to make the property marketable at full market value - in accordance with competing houses in the area
  • As-is. The value of the home without any work done to it
  • Quick sale. Somewhere in between, with minor investment in repairs - to get rid of the home quickly, most likely as a "fixer-upper"
Again, we understand your time line and the specific circumstances of an REO property, as well as the unique information you will need - competing listings, market trends, and the like. You can count on Reeder Appraisal Services, LLC to take on the task of your REO professionally and efficiently. Contact us today.