Appraisal Masters, Inc.
Real Estate Appraisal Services

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Foreclosure/REO Appraisal

 

Homes in foreclosure and homes that have reverted to your institution’s ownership present special appraisal challenges. We have several REO management companies that deal with us on a regular basis and would love to service your company as well and show you what an REO appraisal done from Appraisal Masters, Inc. looks like.  We guarantee you will be happy with our professional product and most important the accurate appraisal values that get these REO properties sold, without being on the market for an extensive period of time. At Appraisal Masters, Inc, we’re more than ready and able to help.

For a property in foreclosure, you may need to know the difference between fair market value and "quick disposition" value, to know your potential charge off liability. At Appraisal Masters, Inc, we have experience in both providing snapshots of fair market value for our mortgage lending and servicing clients as well as "quick sale" forecasts that understand your timeline. 

Owners of property in foreclosure, of course, present special challenges. They may be unwilling to allow an inspection of the property. If they have abandoned the property already, they may have neglected care of the home for some time or worse, caused damage. We have the experience and training to deal with the special dynamics of a foreclosure appraisal, and you should not hesitate to rely on us.

For a property that has already reverted to Real Estate Owned, you likewise will be interested in a quick disposition. But you may want to know and compare three values: As is, as repaired, and "quick sale." These represent the value of the property without any work done to it, with the work required to make the property marketable to full market value commensurate with competing properties in the area, and, somewhere in between, with minimal investment in repairs, selling the property quickly, probably as a"fixer upper."  Again, we understand your timeline and the unique circumstances of an REO property, as well as the special information you’ll need competing listings, market trends, and the like.

 

Please browse our website to learn more about our qualifications, expertise and services offered.

 

 



 Appraisal Masters, Inc. 7019 Bingham St. Dearborn, MI 48126
Phone: (313) 999-9544 Cell: (313) 629-2533 Fax: (313) 557-0716 Email: appraisal_masters_inc@yahoo.com

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