Call Severson Appraisal Service when you need valuations regarding Anchorage foreclosures

REO and Foreclosure Appraisals in Anchorage County

Homes in foreclosure and properties that have gone back to the institution's ownership present unique appraisal problems.

For a home in foreclosure, you may need to recognize the difference between fair market price and "quick disposition" to know your possible charge-off liability. At Severson Appraisal Service, we have the knowledge in both presenting snapshots of fair market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that understand your time constraints.

You need a company who has the qualifications to handle the particular dynamics of a foreclosure appraisal. Contact Severson Appraisal Service for a company you can count on.

Occupants of property in foreclosure could be opposed to allowing an inspection of the property, thus presenting specific challenges. Often the houses have been ransacked, often at the hands of the former residents. Or, it's likely you'll discover a house at a minimum abandoned or the home languishing in disrepair for long of time.

For real estate that has changed to bank owned, you likewise will be seeking a speedy resolution . But you may want to understand and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any repairs done to it, with the work due to make the home marketable at full market value consistent with the other real estate in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your urgency and the specific situation of a Real Estate Owned house, in addition to the special information you'll need -- competing listings, neighborhood trends, and the like. You can count on Severson Appraisal Service to take on the task of your REO professionally and efficiently. Contact us today.