REO Appraisals in Dakota County, and all of the Twin Cities

You should differentiate the meanings of "market value" and a "quick disposition" assessment to know what losses you stand to realize when dealing with a property in foreclosure. Eagle Appraisals has the experience in both supplying snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your urgency.

Owners of homes in foreclosure could be uncooperative to allowing an inspection of the house, thus presenting special challenges. If they moved out of the home already, they could have overlooked the care of the home for quite some time - or worse, caused damage to the property.

For a house that has returned to bank owned, you probably will be going for a quick disposition. But you might want to know about and review three values - "as-is", "as repaired", and "quick sale". These symbolize:

• The value of the home without any work done to it
• Possible value with the repairs necessary to make the house marketable at full market value - comparable with competing properties in the area
• With minor investment in repairs - to get rid of the home quickly, probably to someone who'd prefer to finish the job themselves