Real Estate Owned and Foreclosure Appraisal in Macomb CountyProperties that have gone back to the financial institution's control and properties in foreclosure bring forth various appraisal problems. For a house in foreclosure, you need to know the gap between fair market and "quick disposition" value to know your probable charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your urgency. We have the training to handle the unique dynamics of a foreclosure appraisal. For a company you can trust, contact Flight Appraisal. Occupants of homes in foreclosure might be disinclined to allow an inspection of the property, thus presenting unique challenges. If they deserted the home already, they could have not taken care of the house for quite some time - or worse, damaged the home. If your house has changed to bank owned, you will interested in an expedited disposition. However, you may want to know and examine three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any work done to it, with the work due to make the property marketable at full market value comparable with the other properties in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your urgency and the special circumstances of a Real Estate Owned property, in addition to the unique data you will need -- competing listings, market trends, and so forth. You can rely on Flight Appraisal to handle the appraisal of your REO with expertise and professionalism. Contact us today. |