Foreclosure Appraisals in Ada County
Real Estate in foreclosure and homes that have gone back to the financial institution's ownership 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 evaluate your possible charge-off liability. At Metro Appraisals, we have the training in both producing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your timeline.
You need a company who has the expertise to handle the particular dynamics of a foreclosure appraisal. Contact Metro Appraisals for a company you can rely on.
Owners of dwellings in foreclosure might be opposed to allowing an inspection of the property, thus presenting unique challenges. If they abandoned the home already, they could have overlooked the care of the home for quite awhile - or even worse, ransacked the property.
For a house that has already returned to bank owned, you probably will be going for a fast resolution . However, you might want to understand and review 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 home marketable at full market value consistent with the other properties in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly to someone who'd prefer to finish the job themselves. Again, we understand your timeline and the unique circumstances of an REO house, as well as the specific information you'll need -- competing listings, market trends, and so forth. You can rely on Metro Appraisals to handle the task of your REO professionally and efficiently. Contact us today.