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Call Dawson Appraisal Services to order valuations pertaining to Dauphin foreclosures

Foreclosure and Real Estate Owned Appraisals in Dauphin County

There are various appraisal problems when it comes to a house in foreclosure or one that has reverted to the institution's control.

It's key to know the meanings of "market value" and a "quick disposition" price to know what losses you could have to endure when dealing with a house in foreclosure. At Dawson Appraisal Services, we have the background in both producing snapshots of market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that factor in your time constraints.

You need a company who has the expertise to handle the particular dynamics of a foreclosure appraisal. Contact Dawson Appraisal Services for a company you can .

Particular challenges can be present when working with owners of homes in foreclosure. They may be opposed to allowing an inspection of the home. Often the homes show signs of vandalism, often by the residents themselves. Or, it's likely you'll find a house at a minimum abandoned or the home neglected for long periods of time.

For a house that has already gone back to REO, you typically will want it off your hands as quickly as possible. In any case, you'll still want to consider three angles for determining the value of the asset:

  • As Repaired. Value with the repairs required to make the home marketable at full market value - appropriate with other properties in the neighborhood
  • As-is. The value of the home without any work done to it
  • Quick sale. Somewhere in the middle, with minor investment in repairs - to get rid of the property quickly, probably to someone inclined to finish the job themselves
Again, we understand your urgency and the specific circumstances of a bank owned house, as well as the specific information you will need - competing listings, market trends, and the like. You can rely on Dawson Appraisal Services to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.