Mike Noble Appraisals is a company you can trust when it comes to bank owned properties in MontgomeryThere are unique appraisal challenges involved in a house in foreclosure or one that has returned to the financial institution's holding. You should understand the difference between fair market price and "quick disposition" worth to know what losses you might realize when dealing with a house in foreclosure. At Mike Noble Appraisals, we have the training in both presenting snapshots of fair market value for our mortgage clients, in addition to "quick sale" forecasts that understand your timeline. We have the training to work with the special dynamics of a foreclosure appraisal. For a company you can trust, contact Mike Noble Appraisals. Unique challenges might be present when working with owners of houses in foreclosure. They might be opposed to allowing an inspection of the house. They could have abandoned the home already and/or neglected care of the home for quite some time - or unfortunately, vandalized the property. You'll be interested in a speedy disposition if the house has returned to bank owned. So you need to understand and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any repairs done to it, with the repairs called for to make the house marketable at full market value commensurate with competing homes in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, probably to someone who'd rather finish the job themselves. Again, we understand your time line and the special circumstances of a bank owned house, as well as the unique information you'll need -- competing listings, neighborhood trends, and the like. You can bank on Mike Noble Appraisals to handle the appraisal of your REO with expertise and professionalism. Contact us today. |