Call Metro Appraisals to discuss appraisals of Ada foreclosures

Metro Appraisals is experienced when it comes to bank owned properties in Meridian

Houses in foreclosure and properties that have reverted to the bank's possession bring forth unique appraisal problems.

When dealing with a house in foreclosure, you need to know the difference between fair market value and "quick disposition" worth to know your potential charge-off liability. At Metro Appraisals, we have the knowledge in both presenting snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time constraints.

We have the training to deal with the specific dynamics of a foreclosure appraisal. Contact Metro Appraisals for a company you can rely on.

Occupants of in foreclosure may be disinclined to allow an inspection of the property, thus presenting special challenges. They may have abandoned the house already and/or neglected care of the home for awhile - or worse, caused damage to the home.

You'll be interested in an expedited disposition if the property has changed to bank owned. So you might want to understand and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any work done to it, with the work needed to make the home marketable at full market value comparable with similar real estate in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely to someone who'd prefer to finish the job themselves. Again, we understand your urgency and the specific situation of a Real Estate Owned home, in addition to the special data you'll need -- competing listings, neighborhood trends, and so forth. You can rely on Metro Appraisals to handle the task of your bank owned property with expertise and professionalism. Contact us today.