Thousand Islands Appraisals is the company you should trust when you need appraisals for bank owned properties in Jefferson County

For a house in foreclosure, you would be wise to recognize the difference between the market value and a "quick disposition" to know your potential charge-off liability. We can provide both snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your time constraints.

	The professionals at Thousand Islands Appraisals have the expertise to work with the unique dynamics of a foreclosure appraisal. Contact Thousand Islands Appraisals for a company you can count on.

Owners of property in foreclosure, naturally, can present specific challenges. For example, they might be combative when it comes to allowing the appraiser access to the house. They could have abandoned the house already and/or neglected care of the house for quite awhile - or gone as far as intentionally harmed the home.

For a house that has reverted to REO, you probably will want it off your hands as quickly as possible. In any case, you'll still want to consider three angles for determining the value of the subject property:

• As Repaired. Value with the repairs necessary to make the house marketable at full market value - commensurate with similar homes in the area
• As-is. The market value of the house without any repairs done to it
• Quick sale. With minimal investment in repairs - to offload the home quickly, possibly to someone who'd prefer to finish the job themselves