REO and Foreclosure Appraisals in central IndianaHomes that have returned to the bank's holding and properties in foreclosure create particular appraisal difficulties.When dealing with a property in foreclosure, it's important to understand market value versus a "quick disposition" assessment to evaluate your possible charge-off liability. At Miller Appraisal Services, LLC, we have the experience in both producing snapshots of market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that consider your time constraints.
Occupants of properties in foreclosure might be uncooperative to allowing an inspection of the home, thus presenting unique challenges. They may have deserted the house already and/or neglected care of the home for awhile - or gone as far as intentionally harmed the home.
For a home that has reverted to Real Estate Owned, you probably will be interested in an expeditious resolution. Regardless, you'll still want to consider three ways of looking at the value of the real estate at hand:
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