Call Six, McClain & Associates, Inc.  when you need appraisals pertaining to Frederick foreclosures

Foreclosure and Real Estate Owned Appraisals in Frederick County

Properties in foreclosure and homes that have returned to the financial institution's control present special appraisal challenges.

For a property in foreclosure, you would be wise to recognize the difference between the market price and a "quick disposition" to know your potential charge-off liability. Six, McClain & Associates, Inc. has the experience in both providing snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into consideration your pressing needs.

We have the expertise to handle the unique dynamics of a foreclosure appraisal. Contact Six, McClain & Associates, Inc. for a company you can count on.

Occupants of homes in foreclosure could be uncooperative to allowing an inspection of the house, thus presenting specific challenges. They might have left the home already and/or ignored the care of the home for a long time - or in some cases caused damage to the home.

If you're dealing with home that has already reverted to bank owned, you will interested in an expeditious disposition. However, you might want to know about and review three values: as-is, as repaired, and "quick sale". These correspond to:

  • The value of the house without any work done to it
  • Possible value with the work called for to make the property marketable at full market value - appropriate with similar real estate in the neighborhood
  • Somewhere in between, with minimal investment in repairs - to offload the property quickly, probably to someone who'd rather finish the job themselves
Again, we understand your timeline and the specific circumstances of a bank owned property, as well as the specific information you will need - competing listings, neighborhood trends, and so forth. You can rely on Six, McClain & Associates, Inc. to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.