Property Valuation Group is experienced when it comes to foreclosures in Ferndale
Properties that have reverted to the institution's control and properties in foreclosure present special appraisal challenges.
When there is a home in foreclosure, you need to understand the difference between fair market value and "quick disposition" price to know your possible charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your urgency.
Property Valuation Group has the qualifications to deal with the unique dynamics of a foreclosure appraisal. Contact Property Valuation Group for a company you can count on.
Owners of houses in foreclosure, of course, can present particular challenges. They might be unwilling to allow an inspection of the home. If they have abandoned the home already, they may have ignored the care of the house for quite some time - or even worse, ransacked the home.
You'll be interested in a quick disposition if the house has gone back to Real Estate Owned. So you need to know about and review three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any work done to it, with the work required to make the property marketable at full market value appropriate with similar properties in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your urgency and the unique situation of a bank owned house, as well as the special data you'll need -- competing listings, neighborhood trends, and so forth. You can count on Property Valuation Group to take on the task of your REO with expertise and professionalism. Contact us today.