Real Estate Owned Appraisals in Elmore CountyHomes that have gone back to the bank's possession and homes in foreclosure create various appraisal problems. It's important to understand the difference between fair market value and "quick disposition" worth to analyze what losses you might sustain when dealing with a home in foreclosure. Mike Noble Appraisals has the experience in both producing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into consideration your timeline. You need a company who has the expertise to deal with the unique dynamics of a foreclosure appraisal. Contact Mike Noble Appraisals for a company you can trust. Owners of houses in foreclosure might be disinclined to allow an inspection of the house, thus presenting unique challenges. Often the houses have been intentionally damaged, unfortunately by the residents. Or, it's likely you'll discover nobody has occupied the house for months or the home neglected for extended periods of time. If your house has changed to Real Estate Owned, you will interested in an expedited disposition. But you might want to know and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any repairs done to it, with the work necessary to make the property marketable at full market value corresponding with the other houses in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your urgency and the special circumstances of a Real Estate Owned property, as well as the special information you'll need -- competing listings, neighborhood trends, and so forth. You can bank on Mike Noble Appraisals to handle the task of your REO professionally and efficiently. Contact us today. |