Foreclosure Appraisals in Oakland CountyThere are unique appraisal problems involved in a house in foreclosure or one that has reverted to the institution's holding. For a home in foreclosure, you need to understand the gap between the fair market price and "quick disposition" to know your likely charge-off liability. The professionals at Property Valuation Group can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your urgency. We have the qualifications to deal with the unique dynamics of a foreclosure appraisal. Contact Property Valuation Group for a company you can rely on. Owners of properties in foreclosure might be uncooperative to allowing an inspection of the property, thus presenting unique challenges. Often the homes have been ransacked, often by the residents. Or, it's common to discover the families have moved out or the home languishing in disrepair for extended periods of time. If your home has already reverted to bank owned, you will interested in a fast disposition. However, you might want to understand and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any work performed, with the repairs needed to make the property marketable at full market value consistent with similar houses in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your urgency and the special circumstances of a Real Estate Owned property, in addition to the specific data you'll need -- competing listings, market trends, and the like. You can bank on Property Valuation Group to handle the task of your bank owned property professionally and efficiently. Contact us today. |
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