Property Valuation Group is a company you can trust when you need appraisals for bank owned properties in Ferndale
Homes in foreclosure and homes that have returned to the lender's ownership create particular appraisal challenges.
For a home in foreclosure, you may need to recognize the gap between the fair market value and "quick disposition" value to know your likely charge-off liability. The professionals at Property Valuation Group 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 constraints.
The professionals at Property Valuation Group have the training to work with the unique dynamics of a foreclosure appraisal. Contact Property Valuation Group for a company you can rely on.
Occupants of homes in foreclosure may be unwilling to allow an inspection of the house, thus presenting unique challenges. Often the properties have been vandalized, unfortunately at the hands of the residents themselves. Or, it's likely you'll discover nobody has lived in house for months or the home languishing in disrepair for extended periods of time.
You will be interested in an expeditious disposition if the home has already reverted to bank owned. So you may want to know about and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any repairs performed, with the work necessary to make the property marketable at full market value consistent with competing properties in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely to someone who'd rather finish the job themselves. Again, we understand your timeline and the special situation of an REO home, in addition to the specific information you'll need -- competing listings, neighborhood 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.