Foreclosure Appraisal in Genesee County
Houses in foreclosure and houses that have reverted to the lender's holding create special appraisal difficulties.
When dealing with a house in foreclosure, it's important to understand the difference between fair market price and "quick disposition" value to analyze your potential charge-off liability. At Allied Real Estate Appraisers, we have the training in both providing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your time constraints.
The professionals at Allied Real Estate Appraisers have the training to handle the special dynamics of a foreclosure appraisal. Contact Allied Real Estate Appraisers for a company you can rely on.
Unique challenges may be present when working with owners of properties in foreclosure. They could be disinclined to allow an inspection of the property. If they left the house already, they might have ignored the care of the property for quite awhile - or unfortunately, damaged the property.
For a property that has already changed to Real Estate Owned, you most likely will be going for a quick disposition . However, you may want to know about and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any repairs performed, with the work due to make the home marketable at full market value commensurate with the other real estate in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your time line and the unique situation of an REO house, as well as the specific information you will need -- competing listings, neighborhood trends, and so forth. You can count on Allied Real Estate Appraisers to handle the task of your REO professionally and efficiently. Contact us today.