Call Metropolis Appraisal Inc to discuss valuations regarding Mesa foreclosures

REO Appraisal in Mesa County

There are specific appraisal problems regarding a property in foreclosure or one that has returned to the institution's control.

When there is a house in foreclosure, it's important to know market value versus a "quick disposition" price to analyze your potential charge-off liability. At Metropolis Appraisal Inc, we have the experience in both producing snapshots of market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that consider your urgency.

The professionals at Metropolis Appraisal Inc have the qualifications to work with the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Metropolis Appraisal Inc.

Specific challenges can be present when dealing with owners of houses in foreclosure. They might be uncooperative to allowing an inspection of the home. They might have left the property already and/or overlooked the care of the property for a long time - or even worse, damaged the house.

For a house that has changed to REO, you probably will want it off your hands as quickly as possible. In any case, you'll still want to consider three angles for looking at the value of the subject property:

  • As Repaired. Value with the repairs needed to make the property marketable at full market value - appropriate with other homes in the neighborhood
  • As-is. The value of the house without any work done to it
  • Quick sale. With minor investment in repairs - to get rid of the property quickly, most likely to someone inclined to finish the job themselves
Again, we understand your timeline and the unique situation of a bank owned property, in addition to the specific data you'll need - competing listings, neighborhood trends, and so forth. You can bank on Metropolis Appraisal Inc to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.