Call Twin City Appraisal Service to discuss appraisals of Tippecanoe foreclosures

Twin City Appraisal Service is experienced when it comes to foreclosures in Lafayette, Indiana

There are particular appraisal challenges regarding a home in foreclosure or one that has reverted to the bank's ownership.

For a home in foreclosure, you would be wise to recognize the gap between the market value and a "quick disposition" assessment to know your potential charge-off liability. Twin City Appraisal Service has the experience in both presenting snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that take into consideration your urgency.

You need a company who has the training to handle the particular dynamics of a foreclosure appraisal. Contact Twin City Appraisal Service for a company you can trust.

Particular challenges can be present when dealing with owners of property in foreclosure. They may be disinclined to allow an inspection of the home. They may have abandoned the house already and/or overlooked the care of the property for some time - or even worse, vandalized the property.

If you're dealing with property that has gone back to REO, you will interested in an expeditious disposition. However, you might want to understand and compare three values: as-is, as repaired, and "quick sale". These represent:

  • The value of the home without any repairs performed
  • Value with the repairs due to make the home marketable at full market value - comparable with similar real estate in the neighborhood
  • Somewhere in between, with minor investment in repairs - to get rid of the property quickly, seemingly to someone who'd rather finish the job themselves
Again, we understand your urgency and the unique situation of a bank owned home, as well as the specific data you'll need - competing listings, market trends, and the like. You can rely on Twin City Appraisal Service to take on the task of your bank owned property professionally and efficiently. Contact us today.