Foreclosure and REO Appraisals in Dakota County

When there is a home in foreclosure, it's important to differentiate market value versus a "quick disposition" assessment to evaluate your possible charge-off liability. At T.A.T. Appraisals, we have the background in both presenting snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that factor in your urgency.

	You need a company with the expertise to work with the special dynamics of a foreclosure appraisal. For a company you can rely on, contact T.A.T. Appraisals.

Occupants of homes in foreclosure may be unwilling to allow an inspection of the property, thus presenting unique challenges. They may have moved out of the home already and/or neglected care of the property for awhile - or even worse, damaged the property.

If you're dealing with a house that has already reverted to REO, you will interested in a fast disposition. However, you may want to understand and review three values: as-is, as repaired, and "quick sale". These correspond to:

• The value of the house without any work performed
• Value with the work necessary to make the house marketable at full market value - comparable with competing real estate in the area
• With minor investment in repairs - to sell the home quickly, most likely to someone who'd prefer to finish the job themselves