Metro Appraisals is experienced when it comes to bank owned properties in Meridian
Houses in foreclosure and homes that have gone back to the financial institution's ownership present specific appraisal problems.
For a house in foreclosure, you might need to recognize the difference between fair market price and "quick disposition" to know your probable charge-off liability. At Metro Appraisals, we have the experience in both producing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your timeline.
We have the training to handle the particular dynamics of a foreclosure appraisal. Contact Metro Appraisals for a company you can rely on.
Particular challenges can be present when dealing with owners of property in foreclosure. They may be disinclined to allow an inspection of the home. If they abandoned the property already, they could have overlooked the care of the home for quite some time - or even worse, caused damage to the house.
If your home has already changed to bank owned, you will interested in a quick disposition. However, you may want to understand and examine three values: as-is, as repaired, and "quick sale." These represent the value of the home without any repairs done to it, with the work required to make the house marketable at full market value commensurate with similar homes in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your time line and the unique situation of a bank owned house, as well as the special information you will need -- competing listings, neighborhood trends, and so forth. You can count on Metro Appraisals to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.