Mike Noble Appraisals is a company you can trust when it comes to bank owned properties in Montgomery
Properties that have returned to the bank's control and houses in foreclosure create particular appraisal difficulties.
For a home in foreclosure, you may need to understand the gap between fair market price and "quick disposition" to know your possible charge-off liability. At Mike Noble Appraisals, we have the knowledge in both furnishing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your timeline.
We have the training to deal with the specific dynamics of a foreclosure appraisal. Contact Mike Noble Appraisals for a company you can rely on.
Owners of properties in foreclosure, of course, can present particular challenges. They may be uncooperative to allowing an inspection of the house. If they have abandoned the house already, they might have overlooked the care of the property for quite awhile - or unfortunately, damaged the property.
For real estate that has already reverted to bank owned, you typically will want it off your hands as quickly as possible . But you might want to understand and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any repairs done to it, with the repairs required to make the home marketable at full market value commensurate with similar properties in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your urgency and the unique circumstances of an REO house, as well as the unique information you will need -- competing listings, neighborhood trends, and the like. You can count on Mike Noble Appraisals to take on the task of your REO professionally and efficiently. Contact us today.