Foreclosure and REO Appraisals in Ada County
There are unique appraisal challenges involved in a property in foreclosure or one that has gone back to the institution's possession.
For a home in foreclosure, you might need to know the difference between the fair market worth and "quick disposition" to know your possible charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into account your timeline.
The professionals at Metro Appraisals have the expertise to handle the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact Metro Appraisals.
Occupants of homes in foreclosure might be disinclined to allow an inspection of the home, thus presenting particular challenges. If they abandoned the house already, they may have overlooked the care of the property for some time - or unfortunately, damaged the home.
You will be interested in a fast disposition if the house has already gone back to REO. So you might want to know about and compare three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any repairs done to it, with the repairs due to make the property 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, likely as a "fixer-upper". Again, we understand your timeline and the special situation of an REO property, in addition to the specific information you'll need -- competing listings, neighborhood trends, and the like. You can bank on Metro Appraisals to take on the task of your REO professionally and efficiently. Contact us today.