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Call Meade & Associates when you need appraisals pertaining to Boone foreclosures

Meade & Associates is the company you should trust when it comes to bank owned properties in Boone County

There are special appraisal problems when we're talking about a property in foreclosure or one that has returned to the lender's control.

For a house in foreclosure, you would be wise to know the difference between market price and a "quick disposition" value to know your potential charge-off liability. Meade & Associates has the knowledge in both presenting snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your pressing needs.

We have the experience to deal with the unique dynamics of a foreclosure appraisal. Contact Meade & Associates for a company you can .

Specific challenges can be present when dealing with owners of properties in foreclosure. They may be uncooperative to allowing an inspection of the home. Sometimes the houses have been vandalized, unfortunately at the hands of the former residents themselves. Or, it's common to find nobody has lived in house for months or the home languishing in disrepair for long periods of time.

For real estate that has returned to REO, you probably will want to get rid of it quickly. In any case, you'll still want to consider three angles for figuring the value of the subject property:

  • As Repaired. Value with the work needed to make the home marketable at full market value - comparable with competing properties in the area
  • As-is. The market value of the home without any repairs done to it
  • Quick sale. Somewhere in the middle, with minor investment in repairs - to get rid of the home quickly, probably to someone inclined to finish the job themselves
Again, we understand your timeline and the special circumstances of an REO property, in addition to the specific data you'll need - competing listings, neighborhood trends, and so forth. You can rely on Meade & Associates to handle the task of your bank owned property with expertise and professionalism. Contact us today.