Call Robert J. Reamer to discuss appraisals regarding Grand Traverse foreclosures

Robert J. Reamer is experienced when it comes to bank owned properties in Grand Traverse County

Homes in foreclosure and properties that have returned to the bank's ownership create special appraisal difficulties.

For a property in foreclosure, you should understand the gap between market price and a "quick disposition" value to know your potential charge-off liability. Robert J. Reamer has the experience in both providing snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your urgency.

Robert J. Reamer has the expertise to deal with the special dynamics of a foreclosure appraisal. For a company you can count on, contact Robert J. Reamer.

Owners of homes in foreclosureunfortunately can present special challenges. They might be opposed to allowing the appraiser access to the home. They might have abandoned the property already and/or ignored the care of the house for quite awhile - or gone as far as damaged the house.

If you're dealing with a house that has already gone back to REO, you will interested in a fast disposition. However, you might want to understand and compare three values: as-is, as repaired, and "quick sale". These symbolize:

  • The value of the house without any work done to it
  • Possible value with the work required to make the home marketable at full market value - in accordance with competing houses in the neighborhood
  • With minor investment in repairs - to get rid of the property quickly, most likely as a "fixer-upper"
Again, we understand your time line and the specific circumstances of a Real Estate Owned property, as well as the specific data you'll need - competing listings, neighborhood trends, and so forth. You can rely on Robert J. Reamer to handle the appraisal of your REO with expertise and professionalism. Contact us today.