REO Appraisals in Johnson County

For a house in foreclosure, you definitely need to understand the gap between fair market value and a "quick disposition" to know your likely charge-off liability. At 1st Choice Appraisal Group, we have the experience in both furnishing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that factor in your time constraints.

	You need a company who has the training to work with the unique dynamics of a foreclosure appraisal. For a company you can count on, contact 1st Choice Appraisal Group.

Occupants of houses in foreclosure could be unwilling to allow an inspection of the property, thus presenting particular challenges. They might have deserted the home already and/or ignored the care of the house for a long time - or unfortunately, ransacked the home.

If you're dealing with home that has already gone back to Real Estate Owned, you will interested in a quick disposition. However, you may want to know and examine three values: as-is, as repaired, and "quick sale". These correspond to:

• The value of the house without any work done to it
• Possible worth with the repairs due to make the home marketable at full market value - comparable with similar houses in the area
• Somewhere in the middle, with minimal investment in repairs - to offload the property quickly, likely to someone who'd rather finish the job themselves