Call Mackey Appraisals when you need valuations pertaining to Pennington foreclosures

Mackey Appraisals is experienced when it comes to foreclosures in Pennington County

Houses that have reverted to the bank's ownership and homes in foreclosure create special appraisal difficulties.

For a property in foreclosure, you should know the difference between the market price and a "quick disposition" price to know your potential charge-off liability. The professionals at Mackey Appraisals can provide both snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time constraints.

The professionals at Mackey Appraisals have the expertise to handle the unique dynamics of a foreclosure appraisal. For a company you can count on, contact Mackey Appraisals.

Special challenges might be present when dealing with owners of houses in foreclosure. They may be uncooperative to allowing an inspection of the property. Sometimes the subjects show signs of vandalism, often by the residents themselves. Or, it's likely you'll discover a house at least abandoned or the home languishing in disrepair for extended periods of time.

For real estate that has returned to REO, you probably will want it off your hands as quickly as possible. Regardless, you'll still want to consider three ways of looking at the value of the real estate at hand:

  • As Repaired. Possible market value with the repairs necessary to make the property marketable at full market value - consistent with similar real estate in the area
  • As-is. The value of the house without any work performed
  • Quick sale. With minimal investment in repairs - to get rid of the property quickly, probably as a "fixer-upper"
Again, we understand your timeline and the unique circumstances of a bank owned house, in addition to the specific information you'll need - competing listings, neighborhood trends, and the like. You can rely on Mackey Appraisals to handle the appraisal of your REO with expertise and professionalism. Contact us today.