Foreclosure & REO Appraisals
Shreveport - Bossier City LA
REO and Foreclosure Appraisal in Caddo CountyThere are particular appraisal difficulties when it comes to a property in foreclosure or one that has returned to the lender's possession.
For a property in foreclosure, you would be wise to know the gap between the market and a "quick disposition" value to know your likely charge-off liability. Devereux Appraisal Company, LLC has the background in both providing snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your time line.
Owners of property in foreclosure, of course, can present special challenges. For example, they might be unwilling to allow us access to the home. They might have moved out of the property already and/or ignored the care of the house for a long time - or gone as far as vandalized the property.
If you're dealing with property that has already reverted to REO, you will interested in an expeditious disposition. But you might want to understand and compare three values: as-is, as repaired, and "quick sale". These correspond to:
At Devereux Appraisal Co., LLC, we believe the difference should be obvious from the start. Use our fast contact form or call or e-mail us for fast disposition of your Shreveport and Bossier City area appraisal needs.