Call Academy Appraisal, Inc. when you need valuations for foreclosures

Academy Appraisal, Inc. is experienced when it comes to foreclosures.

Properties in foreclosure and houses that have gone back to the bank's holding bring forth special appraisal problems.

For a house in foreclosure, you should recognize the difference between fair market price and "quick disposition" price to know your possible charge-off liability. Academy Appraisal, Inc. has the training in both presenting snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your urgency.

The professionals at Academy Appraisal, Inc. have the experience to handle the particular dynamics of a foreclosure appraisal. Contact Academy Appraisal, Inc. for a company you can count on.

Occupants of property in foreclosure might be opposed to allowing an inspection of the house, thus presenting unique challenges. If they moved out of the home already, they could have overlooked the care of the home for a while - or even worse, damaged the house.

For a house that has changed to REO, you most likely will want it off your hands as quickly as possible. However, you might want to understand and review three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any work done to it, with the repairs called for to make the property marketable at full market value comparable with similar real estate in the area, and, somewhere in between, with minimal investment in repairs - selling 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 specific data you will need -- competing listings, neighborhood trends, and the like. You can rely on Academy Appraisal, Inc. to handle the task of your bank owned property professionally and efficiently. Contact us today.