Foreclosure Appraisal in Oakland County
Homes that have reverted to the institution's control and homes in foreclosure bring forth various appraisal difficulties.
For a property in foreclosure, you may need to recognize the difference between the fair market and "quick disposition" value to know your likely charge-off liability. We can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into consideration your time line.
We have the qualifications to deal with the special dynamics of a foreclosure appraisal. Contact Property Valuation Group for a company you can count on.
Special challenges might be present when dealing with owners of properties in foreclosure. They might be opposed to allowing an inspection of the house. They could have moved out of the property already and/or neglected care of the house for a long time - or worse, intentionally harmed the home.
For a house that has changed to bank owned, you likewise will be going for a fast disposition . However, you might want to know and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the home without any repairs done to it, with the repairs required to make the house marketable at full market value consistent with competing real estate in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your timeline and the special circumstances of a bank owned property, in addition to the special data you'll need -- competing listings, market trends, and the like. You can bank on Property Valuation Group to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.