Foreclosure Appraisals in Oakland County
Houses in foreclosure and homes that have gone back to the lender's control bring forth specific appraisal difficulties.
It's important to know the difference between fair market worth and "quick disposition" price to know your probable charge-off liability when dealing with a property in foreclosure. Property Valuation Group has the training in both providing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your timeline.
You need a company with the experience to work with the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact Property Valuation Group.
Occupants of in foreclosure may be opposed to allowing an inspection of the house, thus presenting special challenges. They might have abandoned the home already and/or overlooked the care of the property for quite awhile - or in some cases damaged the home.
If your house has already returned to bank owned, you will interested in a fast disposition. But you may want to understand and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any repairs performed, with the repairs called for to make the house marketable at full market value comparable with the other homes in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your timeline and the unique situation of a Real Estate Owned house, in addition to the special data you will need -- competing listings, neighborhood trends, and the like. You can rely on Property Valuation Group to take on the appraisal of your REO professionally and efficiently. Contact us today.