Real Estate Owned and Foreclosure Appraisal in Manistee CountyReal Estate in foreclosure and properties that have gone back to the bank's possession create various appraisal problems. When there is a home in foreclosure, you should ascertain the difference between fair market price and "quick disposition" worth to know your potential charge-off liability. West Michigan Appraisal has the background in both presenting snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your urgency. The professionals at West Michigan Appraisal have the expertise to deal with the special dynamics of a foreclosure appraisal. For a company you can count on, contact West Michigan Appraisal. Owners of properties in foreclosure, of course, can present special challenges. They might be uncooperative to allowing an inspection of the home. They might have moved out of the home already and/or ignored the care of the property for awhile - or gone as far as intentionally harmed the home. You will be interested in an expeditious disposition if the home has changed to Real Estate Owned. So you need to know about and examine three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any work performed, with the repairs necessary to make the property marketable at full market value corresponding with competing properties in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely to someone who'd rather finish the job themselves. Again, we understand your time line and the unique circumstances of an REO home, as well as the unique data you'll need -- competing listings, neighborhood trends, and so forth. You can count on West Michigan Appraisal to take on the task of your REO professionally and efficiently. Contact us today. |