Duffy Appraisals is the company you should trust when you need appraisals for foreclosures in Sioux Falls, South DakotaReal Estate in foreclosure and houses that have returned to the lender's control present particular appraisal challenges.For a house in foreclosure, you would be wise to know the gap between market and a "quick disposition" value to know your possible charge-off liability. At Duffy Appraisals, we have the training in both supplying snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your timeline.
Owners of houses in foreclosure, of course, can present unique challenges. They may be disinclined to allow the appraiser access to the house. They may have moved out of the house already and/or neglected care of the house for a long time - or worse, ransacked the home.
For a home that has already gone back 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 figuring the value of the real estate at hand: |