REO and Foreclosure Appraisals in Clay County

When dealing with a home in foreclosure, it's important to know market value versus a "quick disposition" price to analyze your possible charge-off liability. Citiwide Appraisal has the knowledge in both producing snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your urgency.

	You need a company who has the experience to handle the specific dynamics of a foreclosure appraisal. Contact Citiwide Appraisal for a company you can count on.

Particular challenges can be present when working with owners of houses in foreclosure. They might be disinclined to allow an inspection of the home. Often the homes have been intentionally damaged, often at the hands of the former residents. Or, it's common to find the families have moved out or the home neglected for extended periods of time.

For a house that has returned to Real Estate Owned, you typically will want to get rid of it quickly. Regardless, you'll still want to consider three angles for determining the value of the subject property:

• As Repaired. Possible market value with the repairs needed to make the house marketable at full market value - in accordance with competing real estate in the neighborhood
• As-is. The value of the house without any work done to it
• Quick sale. Somewhere in the middle, with minor investment in repairs - to offload the property quickly, seemingly as a "fixer-upper"