REO Appraisal in Mesa CountyThere 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.
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: |