Call Michael Smith Appraisals, Inc when you need valuations pertaining to Floyd foreclosures

Foreclosure and REO Appraisals in Floyd County

There are particular appraisal difficulties when it comes to a house in foreclosure or one that has returned to the institution's control.

For a home in foreclosure, you need to know the gap between fair market value and "quick disposition" to know your potential charge-off liability. Michael Smith Appraisals, Inc has the background in both producing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your time line.

You need a company with the training to deal with the particular dynamics of a foreclosure appraisal. Contact Michael Smith Appraisals, Inc for a company you can count on.

Occupants of in foreclosure could be uncooperative to allowing an inspection of the house, thus presenting particular challenges. They might have deserted the property already and/or neglected care of the house for some time - or gone as far as caused damage to the house.

You'll be interested in an expedited disposition if the home has already changed to bank owned. So you need to know and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any repairs performed, with the repairs due to make the home marketable at full market value comparable with competing homes in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your urgency and the specific situation of an REO home, in addition to the special data you'll need -- competing listings, market trends, and so forth. You can rely on Michael Smith Appraisals, Inc to take on the appraisal of your REO professionally and efficiently. Contact us today.