Call Pinnacle Appraisals when you need appraisals pertaining to Knox foreclosures

Pinnacle Appraisals is experienced when it comes to bank owned properties in Knox County

There are special appraisal problems involved in a property in foreclosure or one that has reverted to the institution's control.

When there is a home in foreclosure, it's important to ascertain fair market price versus "quick disposition" price to know your possible charge-off liability. Pinnacle Appraisals has the experience in both producing snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your pressing needs.

You need a company who has the experience to handle the unique dynamics of a foreclosure appraisal. Contact Pinnacle Appraisals for a company you can .

Owners of property in foreclosure, naturally, can present specific challenges. For example, they might be unwilling to allow an inspection of the property. Often the houses show signs of vandalism, unfortunately by the residents. Or, it's common to find the residents have moved out or the home languishing in disrepair for long periods of time.

If you're dealing with home that has returned to bank owned, you will interested in an expedited disposition. But you might want to know and compare three values: as-is, as repaired, and "quick sale". These symbolize:

  • The worth of the house without any repairs done to it
  • Value with the work called for to make the property marketable at full market value - commensurate with similar real estate in the area
  • With minor investment in repairs - to sell the home quickly, probably to someone who'd rather finish the job themselves
Again, we understand your urgency and the specific situation of a bank owned house, as well as the special data you'll need - competing listings, market trends, and the like. You can rely on Pinnacle Appraisals to take on the task of your REO professionally and efficiently. Contact us today.