profile picture

English Spanish

Call Parkway Appraisals to order valuations pertaining to Ashe foreclosures

Real Estate Owned and Foreclosure Appraisals in Northwestern North Carolina

Homes in foreclosure and properties that have returned to the institution's possession present particular appraisal problems.

You need to know the meanings of "market value" and a "quick disposition" price to evaluate your probable charge-off liability when dealing with a house in foreclosure. We can provide both snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that take into consideration your time constraints.

You need a company with the expertise to work with the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Parkway Appraisals.

Occupants of property in foreclosure might be unwilling to allow an inspection of the house, thus presenting special challenges. If they moved out of the home already, they may have ignored the care of the home for awhile - or unfortunately, caused damage to the property.

For a home that has returned to bank owned, you typically will want it off your hands as quickly as possible. 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. Possible market value with the repairs necessary to make the home marketable at full market value - commensurate with other houses in the area
  • As-is. The value of the house without any repairs performed
  • Quick sale. With minor investment in repairs - to offload the home quickly, possibly to someone inclined to finish the job themselves
Again, we understand your timeline and the special circumstances of an REO home, in addition to the special information you'll need - competing listings, market trends, and the like. You can bank on Parkway Appraisals to take on the task of your REO professionally and efficiently. Contact us today.

Search Foreclosures