REO and Foreclosure Appraisals in Middle Tennessee

Homes in foreclosure and homes that have returned to the financial institution's ownership create particular appraisal difficulties.

When there is a house in foreclosure, it's important to understand market value versus a "quick disposition" price to evaluate your likely charge-off liability. At Cravens Appraisals, we have the experience in both presenting snapshots of market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that consider your pressing needs.

	Cravens Appraisals has the qualifications to handle the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Cravens Appraisals.

Owners of property in foreclosure, of course, can present specific challenges. They may be unwilling to allow us access to the house. If they deserted the home already, they may have neglected care of the home for some time - or unfortunately, ransacked the house.

For a property that has reverted to Real Estate Owned, you likewise will be interested in a fast disposition. Regardless, you'll still want to consider three angles for looking at the value of the asset:

• As Repaired. Value with the work needed to make the home marketable at full market value - appropriate with competing houses in the area
• As-is. The value of the home without any work done to it
• Quick sale. Somewhere in the middle, with minimal investment in repairs - to sell the property quickly, probably to someone inclined to finish the job themselves