REO Appraisal in Oakland CountyHouses that have gone back to the institution's control and properties in foreclosure bring forth special appraisal problems. When there is a home in foreclosure, you should know the difference between fair market price and "quick disposition" price to know your possible charge-off liability. We can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your time constraints. We have the qualifications to work with the unique dynamics of a foreclosure appraisal. Contact Appraisal Alliance, LLC for a company you can trust. Occupants of dwellings in foreclosure may be uncooperative to allowing an inspection of the house, thus presenting special challenges. They might have moved out of the property already and/or neglected care of the house for quite some time - or even worse, vandalized the house. You will be interested in an expeditious disposition if the property has already gone back to bank owned. So you need to know and analyze three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any repairs performed, with the repairs due to make the house marketable at full market value comparable with similar houses in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your time line and the special circumstances of a bank owned property, as well as the special data you will need -- competing listings, neighborhood trends, and so forth. You can count on Appraisal Alliance, LLC to handle the task of your REO professionally and efficiently. Contact us today. |