Foreclosure Appraisal in Emmet CountyHouses that have reverted to the bank's holding and houses in foreclosure bring forth various appraisal difficulties. When dealing with a home in foreclosure, you need to recognize the difference between fair market value and "quick disposition" value to analyze your potential charge-off liability. The professionals at Silverpilen Corp. can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your urgency. We have the training to work with the specific dynamics of a foreclosure appraisal. Contact Silverpilen Corp. for a company you can count on. Occupants of houses in foreclosure may be opposed to allowing an inspection of the property, thus presenting particular challenges. Often the subjects show signs of vandalism, often at the hands of the residents. Or, it's likely you'll find a house at least abandoned or the home languishing in disrepair for extended periods of time. You will be interested in an expedited disposition if the home has already gone back to Real Estate Owned. So you may want to know and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the house without any repairs performed, with the repairs necessary to make the home marketable at full market value comparable with the other properties in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your timeline and the unique situation of a bank owned home, as well as the specific data you'll need -- competing listings, market trends, and the like. You can bank on Silverpilen Corp. to take on the task of your REO with expertise and professionalism. Contact us today. |