Call Wise Appraisal to order appraisals regarding Ottawa foreclosures

Real Estate Owned and Foreclosure Appraisal in West Michigan

There are various appraisal difficulties involved in a house in foreclosure or one that has returned to the lender's control.

For a house in foreclosure, you may need to know the gap between fair market worth and "quick disposition" worth to know your probable charge-off liability. Wise Appraisal has the experience in both providing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time line.

The professionals at Wise Appraisal have the qualifications to work with the special dynamics of a foreclosure appraisal

Special challenges might be present when dealing with owners of properties in foreclosure. They might be disinclined to allow an inspection of the home. If they left the property already, they might have overlooked the care of the house for quite awhile - or unfortunately, damaged the home.

If your house has returned to Real Estate Owned, you will interested in a fast disposition. However, you may want to know about and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any repairs performed, with the repairs needed to make the property marketable at full market value consistent with competing real estate in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably to someone who'd prefer to finish the job themselves. Again, we understand your timeline and the special situation of a bank owned house, in addition to the special information you'll need -- competing listings, market trends, and the like. You can bank on Wise Appraisal to handle the task of your bank owned property with expertise and professionalism. Contact us today.