Metro Appraisals is a company you can trust when you need appraisals for foreclosures in Ada
Real Estate in foreclosure and houses that have reverted to the institution's control create unique appraisal problems.
For a home in foreclosure, you may need to know the gap between the fair market and "quick disposition" price to know your likely charge-off liability. At Metro Appraisals, we have the experience in both furnishing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time line.
You need a company with the experience to work with the special dynamics of a foreclosure appraisal. Contact Metro Appraisals for a company you can trust.
Owners of property in foreclosure, of course, can present particular challenges. They might be opposed to allowing an inspection of the home. They may have abandoned the house already and/or neglected care of the house for a long time - or unfortunately, caused damage to the home.
You will be interested in a speedy disposition if the property has already returned to REO. So you need to know about and examine three values: as-is, as repaired, and "quick sale." These represent the value of the house without any work performed, with the repairs called for to make the property marketable at full market value comparable with the other homes in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely to someone who'd prefer to finish the job themselves. Again, we understand your time line and the special situation of an REO home, as well as the specific information you'll need -- competing listings, market trends, and the like. You can bank on Metro Appraisals to handle the appraisal of your REO professionally and efficiently. Contact us today.