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Foreclosure & REO Appraisals

Shreveport - Bossier City LA

Call Devereux Appraisal Company, LLC when you need appraisals regarding Caddo foreclosures

REO and Foreclosure Appraisal in Caddo County

There are particular appraisal difficulties when it comes to a property in foreclosure or one that has returned to the lender's possession.

For a property in foreclosure, you would be wise to know the gap between the market and a "quick disposition" value to know your likely charge-off liability. Devereux Appraisal Company, LLC has the background in both providing snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your time line.

You need a company who has the expertise to deal with the unique dynamics of a foreclosure appraisal. For a company you can trust, contact Devereux Appraisal Company, LLC.

Owners of property in foreclosure, of course, can present special challenges. For example, they might be unwilling to allow us access to the home. They might have moved out of the property already and/or ignored the care of the house for a long time - or gone as far as vandalized the property.

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

  • The value of the property without any work performed
  • Possible value with the work required to make the house marketable at full market value - consistent with similar properties in the neighborhood
  • Somewhere in between, with minimal investment in repairs - to offload the property quickly, likely to someone who'd prefer to finish the job themselves
Again, we understand your urgency and the special circumstances of a bank owned home, as well as the unique information you'll need - competing listings, neighborhood trends, and so forth. You can bank on Devereux Appraisal Company, LLC to take on the task of your bank owned property with expertise and professionalism. Contact us today.

At Devereux Appraisal Co., LLC, we believe the difference should be obvious from the start. Use our fast contact form or call or e-mail us for fast disposition of your Shreveport and Bossier City area appraisal needs.