Call SNS Appraisals when you need appraisals pertaining to Spokane foreclosures

SNS Appraisals is the company you should trust when you need appraisals for bank owned properties in Spokane County

There are unique appraisal problems for a property in foreclosure or one that has reverted to the lender's control.

When there is a house in foreclosure, you should know market value versus a "quick disposition" assessment to analyze your likely charge-off liability. SNS Appraisals has the experience in both furnishing snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your time line.

SNS Appraisals has the training to deal with the special dynamics of a foreclosure appraisal. Contact SNS Appraisals for a company you can count on.

Owners of property in foreclosure can present particular challenges. For example, they might be disinclined to allow the appraiser access to the house. If they left the property already, they could have not taken care of the home for some time - or even worse, ransacked the house.

For a house that has reverted to bank owned, you most likely will be going for a fast disposition. Regardless, you'll still want to consider three angles for figuring the value of the asset (or in some cases, liability):

  • As Repaired. Possible market value with the repairs necessary to make the house marketable at full market value - comparable with competing real estate in the neighborhood
  • As-is. The value of the house without any work performed
  • Quick sale. With minor investment in repairs - to offload the home quickly, most likely as a "fixer-upper"
Again, we understand your timeline and the unique circumstances of a Real Estate Owned property, in addition to the specific information you'll need - competing listings, neighborhood trends, and the like. You can bank on SNS Appraisals to handle the task of your REO with expertise and professionalism. Contact us today.