Real Estate Owned and Foreclosure Appraisals in Polk County

You need to know the meanings of "market value" and a "quick disposition" assessment to evaluate your potential charge-off liability when dealing with a property in foreclosure. Central Iowa Appraisers has the experience in both supplying snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your urgency.

	We have the qualifications to deal with the specific dynamics of a foreclosure appraisal. Contact Central Iowa Appraisers for a company you can rely on.

Specific challenges may be present when working with owners of homes in foreclosure. They may be disinclined to allow an inspection of the home. Sometimes the homes have been ransacked, unfortunately at the hands of the residents. Or, it's common to discover a house at a minimum abandoned or the home languishing in disrepair for long periods of time.

For a house that has returned to REO, you most likely will want it off your hands as quickly as possible. Regardless, you'll still want to consider three angles for figuring the value of the subject property:

• As Repaired. Value with the repairs due to make the property marketable at full market value - consistent with competing houses in the area
• As-is. The market value of the house without any work performed
• Quick sale. Somewhere in between, with minor investment in repairs - to get rid of the home quickly, seemingly as a "fixer-upper"