Foreclosure and Real Estate Owned Appraisals in Grand Traverse CountyProperties in foreclosure and properties that have gone back to the institution's holding bring forth special appraisal problems.You need to differentiate the meanings of "market value" and a "quick disposition" value to know what losses you could have to endure when dealing with a house in foreclosure. At LA Appraisals, LLC, we have the training in both presenting snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that consider your urgency.
Owners of houses in foreclosure can present unique challenges: They might be opposed to allowing us access to the property. They could have abandoned the house already and/or ignored the care of the property for quite awhile - or gone as far as ransacked the home.
For real estate that has already gone back to Real Estate Owned, you most likely will be interested in an expeditious resolution. Regardless, you'll still want to consider three angles for looking at the value of the real estate at hand: |