DMP Appraisal Services, Inc. is experienced when you need appraisals for bank owned properties in MontgomeryThere are specific appraisal challenges regarding a house in foreclosure or one that has reverted to the lender's possession. You need to differentiate the difference between fair market worth and "quick disposition" worth to evaluate what losses you might realize when dealing with a home in foreclosure. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your time constraints. DMP Appraisal Services, Inc. has the qualifications to deal with the unique dynamics of a foreclosure appraisal. Contact DMP Appraisal Services, Inc. for a company you can rely on. Owners of homes in foreclosure, of course, can present specific challenges. They might be uncooperative to allowing an inspection of the property. Sometimes the homes have been intentionally damaged, often at the hands of the former residents. Or, it's common to discover the families have moved out or the home neglected for long of time. You will be interested in a quick disposition if the property has returned to bank owned. So you need to know about and examine three values: as-is, as repaired, and "quick sale." These represent the value of the property without any work performed, with the repairs necessary to make the house marketable at full market value appropriate with the other real estate in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your urgency and the special situation of a Real Estate Owned property, in addition to the specific information you'll need -- competing listings, neighborhood trends, and the like. You can rely on DMP Appraisal Services, Inc. to take on the appraisal of your REO with expertise and professionalism. Contact us today. |