REO Appraisal in Davis CountyHouses that have gone back to the bank's ownership and homes in foreclosure present various appraisal challenges. For a home in foreclosure, you need to know the gap between fair market and "quick disposition" value to know your probable charge-off liability. Metric Appraisals, LLC has the training in both providing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your time line. You need a company with the qualifications to deal with the unique dynamics of a foreclosure appraisal. For a company you can count on, contact Metric Appraisals, LLC. Unique challenges can be present when working with owners of property in foreclosure. They might be opposed to allowing an inspection of the home. If they have abandoned the house already, they could have not taken care of the house for quite some time - or worse, ransacked the property. You'll be interested in a fast disposition if the home has reverted to Real Estate Owned. So you may want to know about and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any work done to it, with the work required to make the property marketable at full market value commensurate with competing properties in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your urgency and the specific circumstances of a Real Estate Owned property, as well as the special data you will need -- competing listings, neighborhood trends, and the like. You can count on Metric Appraisals, LLC to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today. |