Foreclosure/REO Appraisals

Riggins, Atkinson, Combs & Associates, Inc.

It's key to ascertain the meanings of "market value" and a "quick disposition" assessment to evaluate what losses you could realize when dealing with a property in foreclosure. We can provide both snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your pressing needs.

	You need a company who has the experience to handle the specific dynamics of a foreclosure appraisal. Contact Riggins, Atkinson, Combs & Associates, Inc. for a company you can .

Properties in foreclosure may present particular challenges in the appraisal process. Owners may have abandoned the property already and/or ignored maintenance for a long time - or gone as far as vandalized the property.  At times, it is necessary to seek deficiency judgements to protect the assets of the bank from unnecessary losses. 

For real estate that has already changed to bank owned, you most likely will be interested in an expedited disposition. In any case, you'll still want to consider three ways of looking at the value of the asset (or in some cases, liability):

• As Repaired. Value with the work necessary to make the home marketable at full market value - commensurate with other properties in the area
• As-is. The market value of the house without any work performed
• Quick sale. With minimal investment in repairs - to get rid of the property as quickly as reasonably possible

Again, we understand your timeline and the specific circumstances of a bank owned property, in addition to the unique information you'll need - competing listings, neighborhood trends, and so forth. You can rely on Riggins, Atkinson, Combs & Associates, Inc. to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.