Call LA Appraisals, LLC when you need valuations for Grand Traverse foreclosures

Foreclosure and Real Estate Owned Appraisals in Grand Traverse County

Properties 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.

You need a company who has the qualifications to work with the unique dynamics of a foreclosure appraisal. Contact LA Appraisals, LLC for a company you can trust.

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:

  • As Repaired. Value with the work called for to make the house marketable at full market value - appropriate with competing real estate in the neighborhood
  • As-is. The market value of the home without any repairs done to it
  • Quick sale. With minor investment in repairs - to sell the home quickly, seemingly as a "fixer-upper"
Again, we understand your timeline and the specific situation of an REO house, as well as the special data you'll need - competing listings, neighborhood trends, and the like. You can count on LA Appraisals, LLC to handle the task of your REO professionally and efficiently. Contact us today.