Foreclosure and REO Appraisal in Franklin County

For a home in foreclosure, you need to know the difference between the market and a "quick disposition" to know your possible charge-off liability. Browning Appraisal has the background in both providing snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your pressing needs.

	The professionals at Browning Appraisal have the qualifications to deal with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Browning Appraisal.

Particular challenges might be present when dealing with owners of homes in foreclosure. They may be disinclined to allow an inspection of the property. Often the subjects show signs of vandalism, unfortunately at the hands of the residents themselves. Or, it's common to find a house at least abandoned or the home neglected for extended periods of time.

For real estate that has already changed to bank owned, you most likely will want it off your hands as quickly as possible. However, you might want to understand and compare three values - "as-is", "as repaired", and "quick sale". These symbolize:

• The value of the house without any repairs performed
• Value with the work due to make the property marketable at full market value - commensurate with similar houses in the neighborhood
• With minor investment in repairs - to get rid of the home quickly, most likely as a "fixer-upper"