Call Appraisals by Deb Lewellen when you need appraisals for Tippecanoe foreclosures

Appraisals by Deb Lewellen is experienced when it comes to bank owned properties in Tippecanoe County

Homes that have gone back to the institution's control and houses in foreclosure present unique appraisal challenges.

When there is a home in foreclosure, it's important to understand market value versus a "quick disposition" value to analyze your potential charge-off liability. The professionals at Appraisals by Deb Lewellen can provide both snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your time constraints.

You need a company who has the qualifications to handle the special dynamics of a foreclosure appraisal. Contact Appraisals by Deb Lewellen for a company you can count on.

Owners of dwellings in foreclosure may be uncooperative to allowing an inspection of the home, thus presenting special challenges. If they moved out of the house already, they could have not taken care of the property for quite awhile - or unfortunately, ransacked the house.

For real estate that has already returned to Real Estate Owned, you most likely will want it off your hands as quickly as possible. In any case, you'll still want to consider three angles for looking at the value of the subject property:

  • As Repaired. Possible market value with the repairs needed to make the home marketable at full market value - comparable with similar properties in the neighborhood
  • As-is. The value of the house without any repairs done to it
  • Quick sale. With minor investment in repairs - to get rid of the home quickly, likely as a "fixer-upper"
Again, we understand your urgency and the specific circumstances of a Real Estate Owned house, as well as the special data you will need - competing listings, market trends, and the like. You can rely on Appraisals by Deb Lewellen to take on the task of your REO professionally and efficiently. Contact us today.