Call Mid-Miami Appraisal, LLP when you need valuations pertaining to Montgomery foreclosures

Real Estate Owned Appraisals

Homes in foreclosure and properties that have reverted to the institution's possession create various appraisal challenges.

For a house in foreclosure, you should understand the difference between the fair market and "quick disposition" value to know your potential charge-off liability. The professionals at Mid-Miami Appraisal, LLP can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into account your timeline.

Mid-Miami Appraisal, LLP has the qualifications to deal with the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Mid-Miami Appraisal, LLP.

Occupants of properties in foreclosure could be uncooperative to allowing an inspection of the home, thus presenting special challenges. Often the houses show signs of vandalism, unfortunately by the residents themselves. Or it's common to discover the previous owners have moved out or the home neglected for extended periods of time.

For real estate that has changed to Real Estate Owned, you most likely will want to get rid of it quickly . However, you might want to know about and examine three values: as-is, as repaired, and "quick sale." These represent the value of the home without any work done to it, with the repairs called for to make the home marketable at full market value consistent with similar real estate in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your urgency and the unique circumstances of a bank owned property, as well as the unique information you will need -- competing listings, market trends, and the like. You can rely on Mid-Miami Appraisal, LLP to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.

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