Metro Appraisals is a company you can trust when you need appraisals for bank owned properties in Meridian
Houses in foreclosure and houses that have returned to the bank's ownership create unique appraisal challenges.
For a home in foreclosure, you need to recognize the gap between the fair market price and "quick disposition" price to know your probable charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into consideration your timeline.
Metro Appraisals has the experience to deal with the unique dynamics of a foreclosure appraisal. Contact Metro Appraisals for a company you can count on.
Owners of homes in foreclosure, of course, can present unique challenges. They could be uncooperative to allowing an inspection of the property. They might have moved out of the home already and/or neglected care of the home for quite some time - or even worse, vandalized the house.
If your property has already changed to REO, you will interested in a quick disposition. However, you might want to know and analyze three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any work done to it, with the repairs necessary to make the house marketable at full market value appropriate with similar properties in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your time line and the specific circumstances of an REO house, in addition to the specific information you will need -- competing listings, neighborhood trends, and the like. You can bank on Metro Appraisals to take on the task of your REO with expertise and professionalism. Contact us today.