Metro Appraisals is experienced when you need appraisals for foreclosures in Ada
There are various appraisal problems regarding a home in foreclosure or one that has gone back to the bank's possession.
For a house in foreclosure, you might need to understand the difference between the fair market price 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 understand your time line.
You need a company who has the qualifications to deal with the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Metro Appraisals.
Owners of homes in foreclosure may be unwilling to allow an inspection of the house, thus presenting unique challenges. If they deserted the property already, they may have overlooked the care of the home for a long time - or even worse, ransacked the home.
For real estate that has reverted to REO, you most likely will be going for an expeditious disposition . But you may want to know and compare three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any repairs performed, with the work due to make the property marketable at full market value consistent with competing homes in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your urgency and the specific situation of an REO property, as well as the unique information you'll need -- competing listings, market trends, and the like. You can count on Metro Appraisals to take on the task of your REO professionally and efficiently. Contact us today.