Call Heritage Appraisal Company to order valuations pertaining to Davidson foreclosures

Foreclosure Appraisals in Davidson County

Properties that have reverted to the financial institution's holding and houses in foreclosure present special appraisal difficulties.

When there is a house in foreclosure, it's important to differentiate market value versus a "quick disposition" price to analyze your possible charge-off liability. We can provide both snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your pressing needs.

Heritage Appraisal Company has the experience to handle the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Heritage Appraisal Company.

Owners of homes in foreclosure might be uncooperative to allowing an inspection of the home, thus presenting specific challenges. Sometimes the houses show signs of vandalism, often by the former residents. Or, it's common to discover a house at least abandoned or the home neglected for extended periods of time.

You will be interested in an expeditious disposition if the property has gone back to REO. So you might want to know and examine three values: "as-is", "as repaired", and "quick sale". These correspond to:

  • The value of the property without any work done to it
  • Value with the repairs necessary to make the home marketable at full market value - commensurate with similar real estate in the neighborhood
  • Somewhere in between, with minimal investment in repairs - to offload the property quickly, likely as a "fixer-upper"
Again, we understand your urgency and the unique circumstances of an REO property, as well as the special data you'll need - competing listings, neighborhood trends, and the like. You can count on Heritage Appraisal Company to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.