Real Estate Owned Appraisal in Oakland County
Properties in foreclosure and properties that have returned to the lender's possession bring forth specific appraisal challenges.
For a house in foreclosure, you may need to understand the gap between the fair market and "quick disposition" value to know your probable charge-off liability. At Property Valuation Group, we have the background in both presenting snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time line.
You need a company with the training to work with the unique dynamics of a foreclosure appraisal. For a company you can trust, contact Property Valuation Group.
Owners of property in foreclosure, of course, can present unique challenges. They might be disinclined to allow an inspection of the property. They might have left the property already and/or neglected care of the property for awhile - or unfortunately, caused damage to the property.
You will be interested in an expedited disposition if the property has reverted to bank owned. So you might want to know and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any work performed, with the repairs due to make the house marketable at full market value comparable with similar homes in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your time line and the unique situation of a Real Estate Owned house, in addition to the unique information you will need -- competing listings, market trends, and the like. You can bank on Property Valuation Group to take on the task of your bank owned property professionally and efficiently. Contact us today.