Accurate Appraisers is the company you should trust when you need appraisals for foreclosures in Bay County, Saginaw County, Midland County, MichiganProperties that have returned to the bank's holding and houses in foreclosure bring forth specific appraisal challenges.
When dealing with a property in foreclosure, it's important to ascertain market value versus a "quick disposition" price to know your likely charge-off liability. Accurate Appraisers has the experience in both furnishing snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your urgency.
Occupants of houses in foreclosure might be disinclined to allow an inspection of the home, thus presenting specific challenges. They might have abandoned the property already and/or ignored the care of the property for some time - or gone as far as ransacked the property.
You'll be interested in a quick disposition if the home has already gone back to bank owned. So you might want to understand and analyze three values: "as-is", "as repaired", and "quick sale". These represent: