Call KEY INSIGHT when you need valuations regarding Oneida foreclosures

KEY INSIGHT is experienced when it comes to bank owned properties in Rhinelander, Wisconsin

Houses that have reverted to the financial institution's holding and homes in foreclosure present special appraisal challenges.

For a property in foreclosure, you should recognize the difference between the market price and a "quick disposition" to know your probable charge-off liability. KEY INSIGHT has the experience in both supplying snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that take into account your urgency.

You need a company who has the qualifications to handle the unique dynamics of a foreclosure appraisal. Contact KEY INSIGHT for a company you can trust.

Owners of homes in foreclosure could be disinclined to allow an inspection of the home, thus presenting unique challenges. Often the homes have been ransacked, unfortunately by the former residents themselves. Or, it's common to find nobody has occupied the house for months or the home neglected for extended periods of time.

For real estate that has changed to REO, you most likely will want to get rid of it quickly. In any case, you'll still want to consider three angles for looking at the value of the real estate at hand:

  • As Repaired. Value with the repairs needed to make the property marketable at full market value - in accordance with competing properties in the neighborhood
  • As-is. The market value of the home without any repairs done to it
  • Quick sale. With minor investment in repairs - to get rid of the property quickly, likely as a "fixer-upper"
Again, we understand your timeline and the special situation of a bank owned home, in addition to the specific data you will need - competing listings, neighborhood trends, and so forth. You can count on KEY INSIGHT to take on the appraisal of your REO professionally and efficiently. Contact us today.