Mike Noble Appraisals is a company you can trust when you need appraisals for bank owned properties in Montgomery
There are specific appraisal problems when we're talking about a house in foreclosure or one that has gone back to the lender's ownership.
For a house in foreclosure, you may need to recognize the gap between the fair market value and "quick disposition" worth to know your likely charge-off liability. Mike Noble Appraisals has the knowledge in both supplying snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your urgency.
You need a company with the expertise to handle the particular dynamics of a foreclosure appraisal. For a company you can count on, contact Mike Noble Appraisals.
Occupants of houses in foreclosure may be uncooperative to allowing an inspection of the home, thus presenting unique challenges. Often the properties have been ransacked, unfortunately by the former residents themselves. Or, it's common to discover the families have moved out or the home neglected for long of time.
You will be interested in a fast disposition if the property has already reverted to Real Estate Owned. So you might want to know about and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the property without any repairs performed, with the work needed to make the home marketable at full market value comparable with competing houses in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your urgency and the special circumstances of a bank owned property, as well as the unique data you will need -- competing listings, market trends, and so forth. You can rely on Mike Noble Appraisals to handle the task of your REO with expertise and professionalism. Contact us today.