Property Valuation Group is a company you can trust when it comes to foreclosures in Ferndale
Houses in foreclosure and properties that have gone back to the institution's possession bring forth unique appraisal problems.
You need to recognize the difference between fair market worth and "quick disposition" worth to know what losses you could sustain when dealing with a property in foreclosure. We can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your time line.
Property Valuation Group has the experience to work with the specific dynamics of a foreclosure appraisal. Contact Property Valuation Group for a company you can trust.
Specific challenges can be present when dealing with owners of houses in foreclosure. They may be uncooperative to allowing an inspection of the house. They could have left the property already and/or neglected care of the home for some time - or unfortunately, damaged the property.
For real estate that has already gone back to REO, you probably will want to get rid of it quickly . But you might want to know and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any repairs performed, with the repairs due to make the home marketable at full market value corresponding with competing real estate in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your time line and the unique situation of a Real Estate Owned house, in addition to the special information you will need -- competing listings, neighborhood trends, and the like. You can count on Property Valuation Group to take on the task of your REO professionally and efficiently. Contact us today.