Minot Commercial Appraisal, LLC is experienced when you need appraisals for bank owned properties in MinotReal Estate in foreclosure and properties that have gone back to the financial institution's ownership present various appraisal difficulties. For a home in foreclosure, you should know the gap between the fair market worth and "quick disposition" to know your possible charge-off liability. The professionals at Minot Commercial Appraisal, LLC can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your time line. Minot Commercial Appraisal, LLC has the qualifications to work with the unique dynamics of a foreclosure appraisal. Contact Minot Commercial Appraisal, LLC for a company you can trust. Particular challenges may be present when working with owners of houses in foreclosure. They might be opposed to allowing an inspection of the home. If they moved out of the house already, they could have ignored the care of the property for a long time - or unfortunately, caused damage to the home. For real estate that has returned to bank owned, you typically will want it off your hands as quickly as possible . However, you may want to understand and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any work done to it, with the repairs required to make the property marketable at full market value consistent with the other houses in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your time line and the unique situation of a bank owned home, as well as the unique data you will need -- competing listings, neighborhood trends, and so forth. You can bank on Minot Commercial Appraisal, LLC to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today. |