Real Estate Owned Appraisal in Oakland CountyThere are specific appraisal problems involved in a home in foreclosure or one that has reverted to the financial institution's holding. For a house in foreclosure, you need to recognize the difference between fair market and "quick disposition" to know your potential charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your timeline. We have the training to work with the specific dynamics of a foreclosure appraisal. Contact Accurate Value Real Estate Appraisals for a company you can count on. Specific challenges may be present when working with owners of property in foreclosure. They may be opposed to allowing an inspection of the property. If they abandoned the house already, they could have overlooked the care of the property for quite awhile - or worse, damaged the property. For a house that has already gone back to Real Estate Owned, you probably will want to get rid of it quickly . But you may want to understand and examine three values: as-is, as repaired, and "quick sale." These represent the value of the home without any repairs performed, with the work needed to make the home marketable at full market value appropriate with the other houses in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your timeline and the special situation of a Real Estate Owned house, in addition to the unique data you will need -- competing listings, neighborhood trends, and so forth. You can rely on Accurate Value Real Estate Appraisals to take on the appraisal of your bank owned property professionally and efficiently. Contact us today. |