Call Jeff Mazzaferri to discuss appraisals regarding Stark foreclosures

Jeff Mazzaferri is the company you should trust when you need appraisals for bank owned properties in North Canton, Ohio

Homes in foreclosure and properties that have returned to the institution's control present various appraisal challenges.

When dealing with a property in foreclosure, you need to ascertain market value versus a "quick disposition" price to know your potential charge-off liability. We can provide both snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your pressing needs.

Jeff Mazzaferri has the qualifications to work with the special dynamics of a foreclosure appraisal. Contact Jeff Mazzaferri for a company you can count on.

Special challenges may be present when working with owners of houses in foreclosure. They might be opposed to allowing an inspection of the property. Often the homes have been vandalized, often by the former residents themselves. Or, it's common to find a house at a minimum abandoned or the home neglected for extended periods of time.

For a property that has gone back to Real Estate Owned, you probably will want to get rid of it quickly. Regardless, you'll still want to consider three angles for figuring the value of the real estate at hand:

  • As Repaired. Possible market value with the repairs called for to make the property marketable at full market value - commensurate with competing homes in the neighborhood
  • As-is. The value of the property without any repairs done to it
  • Quick sale. Somewhere in between, with minor investment in repairs - to get rid of the property quickly, likely as a "fixer-upper"
Again, we understand your time line and the specific circumstances of an REO house, in addition to the unique information you will need - competing listings, neighborhood trends, and so forth. You can bank on Jeff Mazzaferri to take on the task of your REO with expertise and professionalism. Contact us today.