Call Realist Appraisal Services to discuss appraisals of Genesee foreclosures

Realist Appraisal Services is experienced when it comes to bank owned properties in Michigan...

There are unique appraisal problems when we're talking about a house in foreclosure or one that has gone back to the financial institution's holding.

You need to understand the meanings of "market value" and a "quick disposition" assessment to know your possible charge-off liability when dealing with a home in foreclosure. At Realist Appraisal Services, we have the experience in both supplying snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that factor in your pressing needs.

You need a company who has the experience to handle the particular dynamics of a foreclosure appraisal. For a company you can trust, contact Realist Appraisal Services.

Occupants of property in foreclosure might be unwilling to allow an inspection of the property, thus presenting special challenges. They might have abandoned the home already and/or ignored the care of the home for quite awhile - or in some cases damaged the property.

If you're dealing with a house that has already reverted to REO, you will interested in an expeditious disposition. But you may want to understand and analyze three values: as-is, as repaired, and "quick sale". These symbolize:

  • The value of the house without any work performed
  • Possible value with the work necessary to make the property marketable at full market value - appropriate with competing homes in the area
  • Somewhere in the middle, with minimal investment in repairs - to sell the property quickly, seemingly to someone who'd prefer to finish the job themselves
Again, we understand your timeline and the unique circumstances of an REO property, as well as the specific data you'll need - competing listings, market trends, and the like. You can count on Realist Appraisal Services to take on the task of your REO professionally and efficiently. Contact us today.