Call Duffy Appraisals when you need valuations for Minnehaha foreclosures

Duffy Appraisals is the company you should trust when you need appraisals for foreclosures in Sioux Falls, South Dakota

Real 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.

Duffy Appraisals has the experience to handle the particular dynamics of a foreclosure appraisal. Contact Duffy Appraisals for a company you can count on.

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:

  • As Repaired. Value with the work called for to make the house marketable at full market value - consistent with similar houses in the neighborhood
  • As-is. The market value of the home without any work performed
  • Quick sale. Somewhere in between, with minor investment in repairs - to sell the home quickly, probably to someone inclined to finish the job themselves
Again, we understand your timeline and the special situation of a bank owned house, in addition to the specific information you'll need - competing listings, market trends, and so forth. You can count on Duffy Appraisals to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.