Call JLD Evaluation, Inc. when you need appraisals for Placer foreclosures

Real Estate Owned and Foreclosure Appraisals in Placer County

There are specific appraisal difficulties for a house in foreclosure or one that has reverted to the lender's holding.

For a house in foreclosure, you would be wise to understand the difference between the market price and a "quick disposition" to know your potential charge-off liability. At JLD Evaluation, Inc., we have the training in both producing snapshots of market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that understand your time constraints.

We have the experience to handle the particular dynamics of a foreclosure appraisal. Contact JLD Evaluation, Inc. for a company you can count on.

Owners of houses in foreclosure could be disinclined to allow an inspection of the home, thus presenting special challenges. Sometimes the homes show signs of vandalism, often by the residents themselves. Or, it's likely you'll find nobody has lived in house for months or the home neglected for long periods of time.

For a house that has gone back to bank owned, you most likely will want it off your hands as quickly as possible. Regardless, you'll still want to consider three ways of determining the value of the subject property:

  • As Repaired. Possible market value with the repairs required to make the house marketable at full market value - comparable with similar houses in the area
  • As-is. The market value of the property without any work done to it
  • Quick sale. With minor investment in repairs - to sell the home quickly, probably to someone inclined to finish the job themselves
Again, we understand your urgency and the special circumstances of a Real Estate Owned property, in addition to the special information you'll need - competing listings, market trends, and so forth. You can rely on JLD Evaluation, Inc. to handle the appraisal of your REO with expertise and professionalism. Contact us today.