Foreclosure and Real Estate Owned Appraisals in Muskegon CountyThere are unique appraisal problems when it comes to a house in foreclosure or one that has reverted to the bank's ownership. For a property in foreclosure, you should understand the gap between the fair market price and "quick disposition" price to know your probable charge-off liability. We can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your urgency. You need a company who has the qualifications to handle the particular dynamics of a foreclosure appraisal. For a company you can trust, contact FARWIG APPRAISAL SERVICES. Owners of property in foreclosure, of course, can present specific challenges. They may be uncooperative to allowing an inspection of the house. They may have left the home already and/or neglected care of the house for some time - or in some cases vandalized the house. You will be interested in a quick disposition if the property has changed to Real Estate Owned. So you may want to know about and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any repairs performed, with the repairs called for to make the property marketable at full market value comparable with competing real estate in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your timeline and the unique situation of a Real Estate Owned home, in addition to the special data you will need -- competing listings, market trends, and the like. You can count on FARWIG APPRAISAL SERVICES to take on the appraisal of your REO with expertise and professionalism. Contact us today. |