Call Mike Noble Appraisals when you need appraisals pertaining to Elmore foreclosures

Real Estate Owned and Foreclosure Appraisals in Elmore County

Properties that have reverted to the institution's control and homes in foreclosure create specific appraisal difficulties.

You need to recognize the difference between fair market worth and "quick disposition" price to evaluate what losses you stand to realize when dealing with a house in foreclosure. We can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into consideration your timeline.

Mike Noble Appraisals has the experience to deal with the specific dynamics of a foreclosure appraisal. Contact Mike Noble Appraisals for a company you can trust.

Owners of property in foreclosure may be uncooperative to allowing an inspection of the home, thus presenting particular challenges. If they deserted the home already, they could have not taken care of the property for some time - or worse, ransacked the house.

If your property has returned to bank owned, you will interested in a quick disposition. But you might want to understand and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any repairs done to it, with the repairs called for to make the house marketable at full market value comparable with the other real estate in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly to someone who'd rather finish the job themselves. Again, we understand your timeline and the specific circumstances of an REO home, as well as the specific data you will need -- competing listings, market trends, and so forth. You can rely on Mike Noble Appraisals to take on the appraisal of your REO with expertise and professionalism. Contact us today.