Michael Smith Appraisals, Inc is a company you can trust when you need appraisals for foreclosures in Rome
Properties that have reverted to the bank's ownership and homes in foreclosure bring forth special appraisal problems.
For a home in foreclosure, you might need to recognize the difference between fair market worth and "quick disposition" price to know your possible charge-off liability. Michael Smith Appraisals, Inc has the knowledge in both supplying snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your time constraints.
The professionals at Michael Smith Appraisals, Inc have the training to deal with the specific dynamics of a foreclosure appraisal. Contact Michael Smith Appraisals, Inc for a company you can count on.
Owners of houses in foreclosure, of course, can present particular challenges. They might be unwilling to allow an inspection of the property. If they abandoned the home already, they could have ignored the care of the home for quite some time - or even worse, caused damage to the home.
You will be interested in a fast disposition if the home has already gone back to Real Estate Owned. So you might want to know and compare three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any work done to it, with the repairs required to make the house marketable at full market value comparable with the other houses 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 unique situation of a Real Estate Owned home, in addition to the specific information you'll need -- competing listings, neighborhood trends, and so forth. You can count on Michael Smith Appraisals, Inc to take on the task of your bank owned property professionally and efficiently. Contact us today.