Call Metro Appraisals to discuss appraisals of Ada foreclosures

Foreclosure and REO Appraisals in Ada County

Houses that have reverted to the financial institution's holding and houses in foreclosure bring forth particular appraisal difficulties.

When dealing with a home in foreclosure, you need to ascertain the difference between fair market worth and "quick disposition" price to evaluate your probable charge-off liability. Metro Appraisals has the background in both producing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that take into consideration your time constraints.

You need a company who has the expertise to work with the specific dynamics of a foreclosure appraisal. Contact Metro Appraisals for a company you can rely on.

Owners of property in foreclosure, of course, can present specific challenges. They might be uncooperative to allowing an inspection of the home. They might have deserted the property already and/or ignored the care of the house for quite some time - or unfortunately, intentionally harmed the property.

If your property has changed to REO, you will interested in an expeditious disposition. But you might want to know about and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any work performed, with the work called for to make the property marketable at full market value consistent with similar houses in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your time line and the special circumstances of an REO property, as well as the special data you will need -- competing listings, market trends, and so forth. You can bank on Metro Appraisals to handle the appraisal of your REO professionally and efficiently. Contact us today.