profile picture

English French Spanish

Call Miller Appraisal Services, LLC to discuss appraisals on Marion foreclosures

REO and Foreclosure Appraisals in central Indiana

Homes 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.

Miller Appraisal Services, LLC has the experience to deal with the particular dynamics of a foreclosure appraisal. Contact Miller Appraisal Services, LLC for a company you can .

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:

  • As Repaired. Possible market value with the work required to make the home marketable at full market value - appropriate with competing houses in the area
  • As-is. The market value of the property without any work done to it
  • Quick sale. Somewhere in the middle, with minimal investment in repairs - to sell the property quickly, possibly as a "fixer-upper"
Again, we understand your time line and the unique circumstances of a bank owned house, as well as the unique data you'll need - competing listings, neighborhood trends, and so forth. You can count on Miller Appraisal Services, LLC to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.