Metro Appraisals is a company you can trust when you need appraisals for foreclosures in Meridian
Properties in foreclosure and houses that have reverted to the institution's possession present special appraisal challenges.
For a house in foreclosure, you need to know the gap between fair market price and "quick disposition" value to know your likely charge-off liability. At Metro Appraisals, we have the training in both supplying snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your time constraints.
We have the expertise to work with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Metro Appraisals.
Owners of property in foreclosure, of course, can present special challenges. They may be unwilling to allow an inspection of the home. They could have deserted the property already and/or neglected care of the home for some time - or gone as far as ransacked the property.
If your property has gone back to Real Estate Owned, you will interested in an expedited disposition. But you might want to know about and analyze three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any repairs done to it, with the work called for to make the home marketable at full market value commensurate with the other homes in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your urgency and the specific circumstances of an REO house, in addition to the specific data you will need -- competing listings, neighborhood trends, and so forth. You can count on Metro Appraisals to handle the appraisal of your REO professionally and efficiently. Contact us today.