REO and Foreclosure Appraisal in Oakland CountyThere are specific appraisal problems when we're talking about a house in foreclosure or one that has gone back to the institution's possession. For a home in foreclosure, you might need to know the gap between fair market and "quick disposition" worth to know your probable charge-off liability. Property Valuation Group has the experience in both furnishing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your time line. Property Valuation Group has the experience to handle the special dynamics of a foreclosure appraisal. Contact Property Valuation Group for a company you can count on. Unique challenges may be present when working with owners of houses in foreclosure. They could be opposed to allowing an inspection of the house. They might have deserted the property already and/or overlooked the care of the property for some time - or worse, damaged the home. You will be interested in a quick disposition if the property has already changed to bank owned. So you need to understand and compare three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any work done to it, with the repairs necessary to make the property marketable at full market value consistent with competing houses in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably to someone who'd prefer to finish the job themselves. Again, we understand your time line and the specific situation of an REO property, as well as the unique information you'll need -- competing listings, market trends, and so forth. You can bank on Property Valuation Group to handle the task of your REO professionally and efficiently. Contact us today. |
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