Winn Appraisal Services is the company you should trust when you need appraisals for foreclosures in the Portland metropolitan area.Properties that have reverted to the institution's holding and houses in foreclosure create special appraisal difficulties.
You should differentiate the meanings of "market value" and a "quick disposition" assessment to know your possible write-down liability when dealing with a house in foreclosure. Winn Appraisal Services has the background in both providing snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your urgency.
Specific challenges may be present when dealing with owners of houses in foreclosure. They could be uncooperative to allowing an inspection of the house. If they left the house already, they might have not taken care of the house for quite awhile - or worse, caused damage to the property.
For real estate that has returned to Real Estate Owned, you probably will want it off your hands as quickly as possible. In any case, you'll still want to consider three angles for looking at the value of the subject property: