Property Valuation Group is experienced when you need appraisals for bank owned properties in Ferndale
There are special appraisal problems involved in a house in foreclosure or one that has returned to the financial institution's ownership.
When there is a house in foreclosure, you should differentiate the difference between fair market price and "quick disposition" value to evaluate your likely charge-off liability. Property Valuation Group has the experience in both producing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into account your timeline.
You need a company with the qualifications to deal with the particular dynamics of a foreclosure appraisal. For a company you can trust, contact Property Valuation Group.
Owners of property in foreclosure may be uncooperative to allowing an inspection of the house, thus presenting particular challenges. If they left the home already, they could have ignored the care of the property for some time - or unfortunately, damaged the property.
For real estate that has already gone back to REO, you likewise will be interested in a quick resolution . But you may want to know about and compare three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any work performed, with the repairs necessary to make the property marketable at full market value consistent with competing homes in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your urgency and the unique circumstances of an REO home, in addition to the unique data you will need -- competing listings, neighborhood trends, and so forth. You can bank on Property Valuation Group to handle the task of your bank owned property with expertise and professionalism. Contact us today.