Foreclosure and Real Estate Owned Appraisal in Oakland County
Homes that have gone back to the bank's control and properties in foreclosure present various appraisal problems.
For a home in foreclosure, you may need to understand the gap between fair market and "quick disposition" value to know your potential charge-off liability. At Silverpilen Corp., we have the training in both furnishing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your time line.
You need a company who has the expertise to deal with the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact Silverpilen Corp..
Special challenges can be present when working with owners of homes in foreclosure. They might be disinclined to allow an inspection of the house. Sometimes the subjects have been intentionally damaged, often by the former residents. Or, it's common to find nobody has lived in house for months or the home languishing in disrepair for long of time.
If your house has changed to REO, you will interested in a speedy disposition. But you may want to understand and examine three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any repairs performed, with the repairs needed to make the home marketable at full market value appropriate with the other real estate in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your urgency and the unique situation of a Real Estate Owned property, in addition to the specific information you'll need -- competing listings, neighborhood trends, and the like. You can count on Silverpilen Corp. to take on the task of your bank owned property professionally and efficiently. Contact us today.